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33174479
33229349

2200 W Sugar Creek Rd, Charlotte, NC 28262 For Sale

AG
CA CA 01876378
RX Syndicate
Listed by RX Syndicate
$5,220,000
53 days on market
Updated 26 days ago

$100k Buyer Broker Fee - Rare Charlotte Walgreens

Details
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 14,820
Cap Rate 7.75%
NOI $404,599
Occupancy 100%
Tenancy Single
Brand/Tenant Walgreens
Lease Type Absolute NNN
Lease Term 25
Lease Expiration 04/23/2035
Remaining Term 8.8
Lease Options 50 x 1
Year Built 2010
Acreage 2.230
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 04/19/2010
Ground Lease No
Ownership Fee Simple

Retail | 7.75% CAP | 14,820 SqFt

Marketing description

The Walgreens at 2200 W Sugar Creek Rd is a well-positioned neighborhood pharmacy located at a signalized intersection along West Sugar Creek Road, a primary East West arterial serving north Charlotte and the Derita submarket. The store offers strong visibility, convenient ingress/egress, and drive-thru pharmacy service, serving a dense surrounding residential base with daily commuter traffic. Surrounded by established neighborhoods and supported by essential-use retail demand, this Walgreens functions as a recession-resilient community anchor in a stable Charlotte trade area, making it a compelling long-term single-tenant net-lease investment.

West Sugar Creek Road carries approximately 20,000+ vehicles per day, providing consistent exposure and repeat customer traffic. The property benefits from proximity to a strong lineup of national retailers, including Walmart Supercenter, grocery-anchored shopping centers, dollar stores, and quick-service restaurants that collectively establish the corridor as a core retail and service destination.

This Lease features an absolute net structure, with zero landlord responsibilities. Over 9 years remains on the primary term, backed by a full Walgreens corporate guaranty. Charlotte is the largest metro area in the Carolinas and remains one of the fastest growing major cities in America. It's also won numerous awards for quality of life, job opportunities and tech growth. The combination of real estate intrinsics, a passive, no hassle Lease structure and Charlotte metro location make this an ideal asset for acquisition, whether for a 1031 exchange or simply as a coupon clipper.

Investment highlights

  • Charlotte Is One Of The Hottest Cities In America
  • Core Net-Leased Assets Are Tough To Come By In The Carolinas
  • High Traffic, High Visibility Intersection
  • Full Walgreens Guaranty
  • 9 Years Remain On Primary Term
  • Over $3.6mm In Rents Remain In Primary Term
  • Sugar Creek Is The Main East West Arterial For This Area
  • Major Migration To Charlotte - Estimates Have 150+ People A Day Moving To Charlotte

Listing Contacts

AG
CA CA 01876378
RX Syndicate
Listed by RX Syndicate

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$404,599.00
$33,716.58/mo

Valuation Metrics

0
DSCR
7.75%
Cap Rate
7.75%
ROI

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Additional Information

Name
Brian Brockman
License
298998
Brokerage
Bang Realty-North Carolina
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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