Log In/Sign Up
Your email has been sent.
Walgreens 840 Nc 24 27 Byp E 14,562 SF Retail Building Albemarle, NC 28001 $5,400,964 CAD ($370.89 CAD/SF) 8.50% Cap Rate
Investment Highlights
- 7+ Years Remaining | Options to Extend | Established Brand
- Signalized, Hard Corner Intersection | Dense Retail Corridor | Outparcel to Albemarle Crossing | Excellent Visibility & Access
- Absolute NNN | Fee Simple Ownership | No Landlord Responsibilities
- Strong Demographics in 5-Mile Trade Area
Executive Summary
• The tenant currently has 7+ years remaining on their initial lease with 50 (1-year) options to extend, demonstrating their commitment to the site
• The lease is Corporate Guaranteed
• Walgreens proudly serves nearly 9 million customers and patients each day across its approximately 8,500 stores throughout the U.S. and Puerto Rico
• The lease is Corporate Guaranteed
• Walgreens proudly serves nearly 9 million customers and patients each day across its approximately 8,500 stores throughout the U.S. and Puerto Rico
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
14,562 SF
Building Class
B
Year Built
2007
Price
$5,400,964 CAD
Price Per SF
$370.89 CAD
Cap Rate
8.50%
NOI
$459,048 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
1.75 AC
Opportunity Zone
Yes
Zoning
General Commercial
Parking
70 Spaces (4.81 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
Fairly walkable
40/100
Exceptionally drivable
100/100
Not bikeable
10/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 6558-03-23-4844 | Improvements Assessment | $2,326,380 CAD |
| Land Assessment | $881,999 CAD | Total Assessment | $3,208,378 CAD |
Property Taxes
Parcel Number
6558-03-23-4844
Land Assessment
$881,999 CAD
Improvements Assessment
$2,326,380 CAD
Total Assessment
$3,208,378 CAD
1 of 11
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Walgreens | 840 Nc 24 27 Byp E
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.