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419 W Broad St
Saint Pauls, NC 28384
Kerr Drug · Retail Property For Sale

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INVESTMENT HIGHLIGHTS

  • Absolute NNN Lease | Zero Landlord Responsibilities
  • Ideal Access & Visibility | 4 Points of Ingress/Egress
  • Hard Corner Signalized Intersection | Traffic Counts at Intersection Exceed 21,291+ VPD
  • Explosive Sales Reports | $8.5M+ | Up 7% from 2022
  • Only National Drug Store in the Area | Nearest Walgreens is Located Over 12.5-Miles Away
  • 5% Rent Increases In Each Option Period

EXECUTIVE SUMMARY

Absolute NNN Lease | Zero Landlord Responsibilities

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
10,230 SF
Building Class
B
Year Built
1999
Price
$3,629,063 CAD
Price Per SF
$354.75 CAD
Cap Rate
8%
NOI
$290,325 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
1.03 AC
Opportunity Zone
Yes
Zoning
HB - Highway Business
Parking
50 Spaces (4.89 Spaces per 1,000 SF Leased)
Frontage
316’ on Highway 20 / W. Broad St.

AMENITIES

  • Pylon Sign
  • Signage
  • Drive Thru

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
3813-02-001
Land Assessment
$415,819 CAD
Improvements Assessment
$1,329,470 CAD
Total Assessment
$1,745,289 CAD
  • Listing ID: 37520270

  • Date on Market: 2025-09-03

  • Last Updated:

  • Address: 419 W Broad St, Saint Pauls, NC 28384

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