Walgreens

115 W Main St., Beulaville, NC
Deal Type:
Net Lease
Price:
$3,492,000
Cap Rate:
6.25%
Current Rent:
$218,250
Lease Type:
Triple Net
Landlord Responsibilities:
None
Lease Expiration Date:
Approx. 11.5 years
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.

Listing Agents

Connor Shell

Managing Director
407 913 9009
[email protected]

Jordan Koeppel

Senior Vice President
561 789 5504
[email protected]

Broker of Record: Bang Realty, Brian Brockman, NC-298998

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