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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
29093476
29093477

2416 Randleman Rd, Greensboro, NC 27406

RF
NC 280948
Berkeley Capital Advisors Charlotte
CB
NC 287166
Berkeley Capital Advisors Charlotte
Listed by Berkeley Capital Advisors Charlotte
$1,800,000
156 days on market
Updated 23 days ago

Walgreens

Details
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 2,502
Cap Rate 7%
NOI $125,939
Occupancy 100%
Tenancy Single
Brand/Tenant Walgreens
Lease Type Absolute NNN
Lease Term 10
Lease Expiration 02/28/2034
Remaining Term 7.7
Rent Bumps Yes
Lease Options 4, 5-Year
Price per SqFt $792
Broker Co-Op Yes
Year Built 2024
Buildings 1
Stories 1
Acreage 1.000
Zoning Commercial
Parking Spaces 17 per unit
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 02/29/2024
Ground Lease No

Absolute Net Lease | Small Walgreens Format | Corporate Lease | Close To 3 Universities

Investment highlights

• 2024 new construction

• Great visibility & access from Randleman Rd | 18,500 VPD

• Absolute net lease | Zero landlord responsibilities

• Relocated from a nearby site | Established customer base

• Corporate lease | Walgreen Co. | 8,700 locations across all 50 states

• Quick access to I-40 | 139,000 VPD

• Located inside of dense retail corridor | 2.4M SF within a 2-mile radius

• Attractive population density within a 5-mile radius | 161,096 residents

• Large industrial presence nearby | 8.4M SF of space within a 2-mile radius

• 5 minutes from Kindred Hospital Greensboro | 124 beds

• 5 minutes from three universities | North Carolina Agricultural and Technical State University, University of North Carolina Greensboro & Greensboro College | 32,356 students combined

• 10 minutes from Grimsley High School | 1,840 students

• 15 minutes from Piedmont Triad International Airport | 280 flights per day

• Located near a top-performing Tractor Supply Co. | Ranks in the 99th percentile nationwide via Placer.ai

• Nearby destination retailers | Walmart Supercenter, Lowe’s, Home Depot, Tractor Supply Co., Food Lion, ALDI, Cracker Barrel, McDonald’s, Chick-fil-A, Starbucks, Wendy’s, Bojangles, Taco Bell, Cook Out, Biscuitville, AutoZone, O’Reilly Auto Parts, and others

Listing Contacts

RF
NC 280948
Berkeley Capital Advisors Charlotte
CB
NC 287166
Berkeley Capital Advisors Charlotte
Listed by Berkeley Capital Advisors Charlotte

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$125,939.00
$10,494.92/mo

Valuation Metrics

0
DSCR
7%
Cap Rate
7%
ROI

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