1006 Monroe St, Carthage, NC 28327
10,196 SF | Retail Building | Carthage, NC 28327 | $3,000,000 ($294/SF) | 7% Cap Rate
For Sale
Active
Asking Price $3,000,000
- Sale Condition
- 1031 Exchange
- Property Type
-
Retail
- Square Feet
- 10,196 SF
- Price / Square Foot
- $294
Listing Contacts
Hogan Wierda
Patrick Forkin
Property Overview
Broker of Record
Kyle Matthews
License No. C38369 (NC)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203
Kyle Matthews
License No. C38369 (NC)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203
Property Details
- Class
- C
- Year Built/Renovated
- 1998/2005
- Stories
- 1
- Property Subtype
- Freestanding, Grocery/Convenience Store, Drug Store, Storefront
- Lot Size (sq. ft)
- 53,579 SF
Highlights
- RECENT 10-YEAR EXTENSION | Walgreens recently extended their lease early for an additional 10 years, showing long-term commitment to this location.
- ABSOLUTE NNN | There are zero landlord maintenance responsibilities. The tenant is directly responsible for all CAM, Taxes.
- RARE RENTAL INCREASES | The lease features rare rental increases of 5% in each option period, providing future rent growth for the investor.
- EXTREMELY ATTRACTIVE SALES | Walgreens has been reporting exceptional sales at this location, which have grown an average of 5.7% per year since 2017.
- LIMITED COMPEITION & STRONG DEMOGRAPHICS | This is the only freestanding drugstore within 10 miles. As the only national drugstore in the submarket.
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