Walgreens | 10.97% CAP | NNN Investment | Clemmons, NC
Retail | 10.97% CAP | 14,628 SqFt
Marketing description
Walgreens NNN Investment | 10.97% Cap Rate | Clemmons, NC | Absolute Triple Net Lease | Corporate-Guaranteed | For Sale $3,600,000
Rare opportunity to acquire a high-yield, single-tenant NNN investment property leased to Walgreen Co., a Fortune 500 national credit tenant, located at 2795 Lewisville Clemmons Road in Clemmons, North Carolina. Offered at $3,600,000, this absolute triple-net (NNN) leased asset delivers a 10.97% capitalization rate with approximately $395,000 in annual net operating income (NOI) — one of the highest-yielding Walgreens investment opportunities available nationally.
The ±14,628 SF freestanding retail pharmacy building was constructed in 2005 and sits on a 1.62-acre parcel with outstanding visibility and frontage along Highway 158 (±18,000 vehicles per day). The property features fee-simple ownership with zero landlord responsibilities — a true passive income investment for high-net-worth investors, 1031 exchange buyers, and institutional capital seeking a credit-tenant net lease asset.
The investment is secured by a corporate-guaranteed lease from Walgreen Co., one of the largest pharmacy chains in the United States, with 10 five-year renewal options providing long-term income durability and significant exit flexibility. Surrounding national co-tenants include Walmart, Chick-fil-A, CVS, and Westwood Shopping Center, reinforcing this site as a dominant retail node in the Clemmons-Winston-Salem MSA.
Key Investment Metrics: Asking Price $3,600,000 | Cap Rate 10.97% | Annual NOI ~$395,000 | Building Size 14,628 SF | Lot Size 1.62 Acres | Lease Type Absolute NNN | Tenant Walgreen Co. (corporate guarantee) | Renewal Options 10 x 5 years | Year Built 2005 | Market Clemmons, NC (Winston-Salem MSA)
Ideal for: NNN investors, passive income buyers, 1031 exchange, net lease portfolio acquisitions, pharmacy sector investments, single-tenant retail investments, institutional CRE buyers.
Investment highlights
Rare 11% Cap Rate on National Credit Tenant – One of the highest-yield Walgreens investments currently available nationwide
Corporate-Guaranteed Walgreens Lease – Investment is secured by Walgreen Co., one of the strongest retail pharmacy operators
Fee Simple Absolute NNN Structure – Passive ownership with minimal landlord responsibilities and predictable cash flow
Prime Retail Corridor with Strong Traffic – Located on Highway 158 with ±18,000 VPD, surrounded by dominant national retailers
Long-Term Upside with 10 Five-Year Renewal Options – Offering extended income durability and future exit flexibility
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