STREAM Capital Partners > Properties > All Properties > Walgreens

Walgreens

Net Lease

115 W Main St, Beulaville, North Carolina
Ownership Type:
Fee Simple
Price:
$3,000,000
Cap Rate:
7.28%
Current Rent:
$218,250
Tenancy:
Single Tenant
Lease Type:
Triple Net
Landlord Responsibilities:
None
Renewal Options:
12, Five-year
Building Sq. Ft.:
14,447 SF
Rent Increases:
5% every 5 years
Site Size:
1.31 Acres

Investment Highlights

  • LONG TERM COMMITMENT: Absolute NNN lease with 11.5+ years remaining.
  • INCREASES THROUGHOUT LEASE TERM: Lease calls for 5% rental increases every 5 years throughout the base term providing a hedge against inflation.
  • INVESTMENT GRADE CREDIT: Walgreens is S&P Rated BBB- providing long-term security.
  • COMPETITION: Walgreens is the only competition in town and the nearest drug store is over 11 miles away.
  • WELL SITUATED: Positioned near the signalized intersection of W Main St & S Jackson St which has a combined traffic count of ~25,000 VPD.
  • STRONG RETAIL TRADE AREA: Located on the main throughfare of Beulaville within close proximity to other national tenants such as McDonald’s, Pizza Hut, Hardee’s, AutoZone, and Advance Auto Parts.
Ownership Type:
Fee Simple
Price:
$3,000,000
Cap Rate:
7.28%
Current Rent:
$218,250
Lease Type:
Triple Net
Landlord Responsibilities:
None
Renewal Options:
12, Five-year
Building Sq. Ft.:
14,447 SF
Rent Increases:
5% every 5 years
Site Size:
1.31 Acres

Listing Agents

Connor Shell

Managing Director
407.913.9009[email protected]

Jordan Koeppel

Senior Vice President
561 789 5504[email protected]

Analyst

Ben Hollis

Analyst
256.595.2574[email protected]

Bang Realty, Brian Brockman, NC-298998

You May Also Be Interested In

Download Offering Memorandum

Please enter your first name, last name, email address and phone number in the text boxes. Please also indicate whether you are a Buyer or Broker. Once the form is submitted the offering memorandum will be emailed to you.

    Are you a buyer or broker?

    This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

    X

    Request Due Diligence Access

    Please fill out and submit the form below to request access to due diligence for this property. If you agree with the terms of the NDA, please check the "Approve NDA" box and submit. By submitting this form, you agree to the Terms and Conditions of the Confidentiality Agreement.

    If you would like to modify the NDA, please download the Word version, make your changes, and attach the revised version to the form or email it to .

    Once we receive your NDA, we will contact you with login information.

    View/Download NDA in Word format

      If you have made changes to the Word version of the NDA, please attach it here

      This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.