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Walgreens 801 Mebane Oaks Rd 13,650 SF Retail Building Mebane, NC 27302 $8,198,036 CAD ($600.59 CAD/SF) 5.75% Cap Rate

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INVESTMENT HIGHLIGHTS

  • NNN Leased Investment Property--Perfect for 1031 Exchange
  • Hard Corner--High Traffic Count
  • Mebane is the fastest growing community in North Carolina
  • 100% Bonus Depreciation
  • Average household income: $95,051.00

EXECUTIVE SUMMARY

Walgreens. Corporate guaranteed lease. NNN Leased Investment Property. Located in Mebane, one the fastest growing communities in North Carolina. Perfect for 1031 exchange. Lease commencement 2010. 75-year lease with 60 years remaining. No landlord responsibilities. Walgreens net worth $10.12B. Mebane NC is located 35 minutes east of Greensboro and 25 minutes west of Durham. Average household income: $95,051.00. Located in the "Research Triangle". Hard corner location with high traffic count. 100% Bonus Depreciation Benefit.

PROPERTY FACTS

Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,650 SF
Building Class
B
Year Built
2010
Price
$8,198,036 CAD
Price Per SF
$600.59 CAD
Cap Rate
5.75%
NOI
$471,611 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
1.62 AC
Zoning
MBC16
Parking
74 Spaces (5.13 Spaces per 1,000 SF Leased)
Frontage
135’ on 5th St

AMENITIES

  • Pylon Sign
  • Signage
  • Signalized Intersection
  • Drive Thru

MAJOR TENANTS Click Here to Access

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Retailer
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • Jan 0000

Walgreens, founded by Charles Rudolph Walgreen in 1901 in Chicago, is a major U.S. pharmacy and retail chain operating under the publicly traded parent, Walgreens Boots Alliance (NASDAQ: WBA). Headquartered in Deerfield, Illinois, it provides prescription services, health and wellness products, photo services, and expanded healthcare offerings including immunizations and diagnostic screenings. As of late 2025, the company operated thousands of retail locations across the United States and Puerto Rico, serving roughly 78% of Americans within five miles of a store. Walgreens maintains omnichannel operations—blending in-store, online, drive-thru, and home delivery services—and has strategic healthcare partnerships, notably with VillageMD. Under the direction of new CEO Mike Motz, following the August 2025 purchase by Sycamore Partners, Walgreens continues to emphasize core pharmacy execution, digital innovation, and integrated care solutions.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Retailer 99,999 SF $9.99 Lorem Ipsum Jan 0000

NEARBY MAJOR RETAILERS

Lowe's Food Store
Waffle House
Rent-A-Center
Hwy 55 Burgers Shakes & Fries
Zaxby's
Cook Out

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
164591
Land Assessment
$1,150,370 CAD
Improvements Assessment
$2,811,594 CAD
Total Assessment
$3,961,964 CAD
  • Listing ID: 38855043

  • Date on Market: 2025-12-22

  • Last Updated:

  • Address: 801 Mebane Oaks Rd, Mebane, NC 27302

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