$90k Co-Broke Fee: 10+ Year Walgreens With Rent Bumps
This is an excellent opportunity for an investor to acquire a NNN Walgreens in the Charlotte MSA
Marketing description
This is an excellent opportunity for an investor to acquire a freestanding NNN Walgreens in the Charlotte MSA, one of the fastest growing metro areas in the U.S.! Walgreens has operated at this location since 2006, and signed a new 15-year lease extension in 2020 that features five percent rental increases throughout the primary term and in each of the 12, five-year option periods. The Property is situated at the hard, signalized corner of Highway 9 and Gillsbrook Rd within a busy retail thoroughfare featuring Walmart, Home Depot, Harbor Freight, Big Lots and more.
Investment highlights
Absolute Net Lease - zero landlord responsibilities
5% rent increases every 5 years
Located along a busy retail thoroughfare (20,000 CPD) adjacent to Walmart Supercenter and The Home Depot
Lancaster is 40 miles south of Charlotte
Across from University of South Carolina’s Lancaster campus and Founders Federal Credit Union’s corporate headquarters
Full Walgreens corporate guaranty
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