Listed by SRS Real Estate Partners New York
$3,965,000
Walgreens | Albemarle NC
Details
APN 655803234844
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 14,562
Units 70
Cap Rate 8.5%
NOI $337,000
Tenancy Single
Brand/Tenant Walgreens
Lease Type Absolute NNN
Lease Term 25
Lease Expiration 05/31/2033
Remaining Term 6.9
Lease Options 50 (1-Year)
Class A
Year Built 2007
Acreage 1.750
Zoning General Commercial
Parking Spaces 70 spaces
Parking per 1,000 SqFt 4.81
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 06/01/2008
Ground Lease No
Ownership Fee Simple (Land & Building Ownership)
Retail | 8.50% CAP | 14,562 SqFt
Investment highlights
- 7+ Years Remaining | Options to Extend | Established Brand
- Absolute NNN | Fee Simple Ownership | No Landlord Responsibilities
- Signalized, Hard Corner Intersection | Dense Retail Corridor | Outparcel to Albemarle Crossing | Excellent Visibility & Access
- Strong Demographics in 5-Mile Trade Area
Listing Contacts
Listed by SRS Real Estate Partners New York
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$337,000.00
$28,083.33/mo
Valuation Metrics
0
DSCR
8.5%
Cap Rate
8.5%
ROI
Map
Zoning
GHBD CommercialSpecial CommercialGeneral Highway Business District
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View all 123 uses Last updated Jun 24, 2026 For deeper zoning details, reports are available at Zoneomics
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