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30876363
30876364

1500 E Broad Ave, Rockingham, NC 28379

RF
NC 280948
Berkeley Capital Advisors Charlotte
CB
NC 287166
Berkeley Capital Advisors Charlotte
Listed by Berkeley Capital Advisors Charlotte
$3,807,000
102 days on market
Updated 4 days ago

Walgreens

Details
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 14,550
Cap Rate 7.75%
NOI $295,000
Occupancy 100%
Tenancy Single
Brand/Tenant Walgreens
Lease Type Absolute NNN
Lease Term 25
Lease Expiration 08/31/2033
Remaining Term 7.2
Rent Bumps No
Lease Options 50, 1-Year
Price per SqFt $262
Broker Co-Op Yes
Year Built 2008
Buildings 1
Stories 1
Acreage 1.440
Zoning Commercial
Parking Spaces 54 per unit
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 09/01/2008
Ground Lease No

Absolute Net | Lowe's Adjacent | Excellent Signalized Corner

Marketing description

Investment highlights

• Excellent positioning within the main retail corridor in town

• Amazon announced a historic $10 billion data center campus investment in June 2025 | Located just 10 minutes from the site | Marking the largest single capital investment project in North Carolina’s history

• Plans to create at least 500 high-skilled jobs in the Hamlet– Rockingham area | Expected to support thousands of additional jobs in construction and the broader data center supply chain

• Signalized corner intersection shared with Lowe’s anchored shopping center and Richmond Plaza shopping mall | E Broad Ave & Biltmore Dr | 29,000 VPD combined

• Located inside of primary retail corridor in the surrounding area | 1.3M SF within a 1-mile radius

• Long operating history | Leased since 2008

• Large parcel | 1.44 acres

• Less than 1 mile from First Health Moore Regional Hospital Richmond | 99 beds

• 5 minutes from Richmond Community College | 2,226 students

• 10 minutes from Richmond Senior High School | 1,328 students

• Located near one of the top performing Tractor Supply Co. locations | Ranks in the 92nd percentile nationwide via Placer.ai

• Nearby destination retailers | Walmart Supercenter, Lowe’s, Food Lion, ALDI, Tractor Supply, Sherwin-Williams, Chick-fil-A, McDonald’s, Starbucks, Dunkin’, Wendy’s, Taco Bell, Sonic, Burger King, Zaxby’s, Bojangles, Biscuitville and more

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
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Annual Debt Service
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Annual Cash Flow
$295,000.00
$24,583.33/mo

Valuation Metrics

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DSCR
7.75%
Cap Rate
7.75%
ROI

Map

Zoning

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B-3 CommercialSpecial CommercialHighway Business
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Last updated Feb 3, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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