Walgreens
Retail | 7.00% CAP | 14,560 SqFt
Marketing description
Northmarq is pleased to offer for sale to qualified investors the opportunity to purchase a fee simple interest in the Walgreens located in Mooresville, North Carolina (“The Property”). The Property consists of a 14,560-square-foot freestanding retail building on a 1.35-acre parcel of land. Walgreens operates under an absolute NNN lease with more than seven years of lease term remaining, offering a fully passive investment with stable, long-term income.
Investment highlights
Exceptional Renewal Likelihood Backed by Strong Sales and Long-Term Commitment
Operated by Walgreens for 20+ years. 3-year average sales of $3.72M, above national average.
Dominant Hyper-Regional Retail Trade Area with Strong Healthcare Proximity
Surrounded by Walmart, Target, Costco, Lowe’s. Adjacent to Iredell healthcare campus (40+ doctors).
Affluent and Growing Trade Area with Strong Demographics
83,000+ residents within 5 miles. $125k Avg. HHI growing 2.82% annually.
High-Exposure Corner with Excellent Access and Visibility
Hard corner of Bluefield Rd & River Hwy w/ 53,000+ combined VPD & 3 access points.
Ongoing Residential Development Fueling Long-Term Demand
288-unit project <1 mile away. 700+ units planned at Langtree & Legacy Village.
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