Listed by APG Advisors
$3,750,000
Stand-alone Retail at 1170 E Marion Street
Details
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 14,673
Net Rentable (SqFt) 14,673
Cap Rate 6.90%
Occupancy 100%
Tenancy Single
Brand/Tenant Walgreens
Lease Type Absolute NNN
Lease Expiration 01/30/2029
Remaining Term 2.7
Lease Options 6 5-year options
Price per SqFt $255
Buildings 1
Stories 1
Zoning General Business
Walgreens (Charlotte MSA) : RARE 10% escalations
Marketing description
Single Tenant Net Leased Walgreens - Price Reduction!
Welcome to 1170 E Marion Street in Shelby, NC - an incredible investment opportunity you don't want to miss. This property features a 14,673 square foot building situated on approximately 1.52 acres in the thriving Charlotte Metropolitan Statistical Area (MSA).
Key Highlights:
- Investment Grade Credit - BBB Standard & Poor Credit Rating, guaranteed by one of the nation's top drugstore chains.
- High Growth Area - Charlotte MSA ranks among the top MSA's in the US for growth.
- Absolute NNN Lease -No landlord responsibilities.
- Strong Location - Signalized corner with high traffic roads and strong demographics.
- Rare 10% rent escalation in rent in option terms.
- Opportunity Zone - Located in an Opportunity Zone, offering potential tax advantages
This property presents a great investment opportunity. Don't miss out on the chance to own a single-tenant net-leased Walgreens in a prime location! Contact us now for more information.
Investment highlights
Listing Contacts
Listed by APG Advisors
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