Walgreens | Strong Retail Corridor
Walgreens | Strong Retail Corridor
Marketing description
Walgreens is positioned with excellent access and visibility directly on Blowing Rock Boulevard (27,500 VPD), also known as Highway 321, in Lenoir, North Carolina. Less than a mile from the site is the intersection of Highway 321 and U.S. Route 64, which runs from Arizona to the east coast of North Carolina.
The site is directly adjacent to the Caldwell County Public Library to the east and a shopping center to the south including KFC, Dollar General, Belk, and Tractor Supply Co. Additional traffic drivers in the immediate area include Walmart, Big Lots, Aldi, and several hotels including Hampton Inn & Suites Lenoir (62 rooms).
Lenoir, North Carolina is located equidistant from the state capital of Charlotte and the state border of Tennessee. As a component of the Hickory-Lenoir-Morganton MSA (Population: 382,198) Lenoir is the county seat of Caldwell County, which is located in the foothills of the Blue Ridge Mountains.
Investment highlights
13 year corporate lease with 12 5-year options
Corporate Guarantee
Fee simple NNN with no landlord responsibilities
RARE 5% rent increases every 5 years (including option periods)
Nearby $600M Google data center campus expansion
Strong traffic count of 37,000 VPD
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