Walgreens
Signalized Corner Intersection | Zero Landlord Responsibilities | Explosive Population Growth
Investment highlights
• Signalized corner intersection | Knightdale Blvd & N Smithfield Rd
• Absolute Net Lease | Zero landlord responsibilities
• Corporate lease | Walgreen Co. | 8,886+ locations nationwide
• Outparcel to a Food Lion anchored shopping center | 55,000 SF of retail space
• Long operating history | Leased since 2006
• Explosive population growth within a 3-mile radius | 59.02% from 2010-2025
• High traffic counts | Knightdale Blvd (38,500 VPD), I-540 (44,500 VPD), N Smithfield Rd (12,000 VPD), and I-64 (97,500 VPD)
• Attractive future growth over next 5 years within a 3-mile radius | 15.92% projected growth
• 2 miles from I-540 | Driving population increases along with new multi-family and retail developments
• Large parcel | 2.38 acres
• Strong average household income within 5-miles | $117,690
• 15 minutes from WakeMed Raleigh Campus | 665 beds
• Under 15 minutes from Wake Technical Community College | 21,760 students
• 5 minutes from Knightdale High School | 1,702 students
• Less than 10 minutes from Wendell-Knightdale Airport
• Nearby destination retailers | Walmart Supercenter, Lowe’s, Food Lion, Target, Home Depot, Big Lots, Lowes Foods, Tractor Supply, CVS, Chick-fil-A, McDonald’s, Taco Bell, Wendy’s, Burger King, Dunkin’, Popeyes and more
• 10 miles from Raleigh CBD
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