Walgreens - Fairmont, NC
2,560 SF | Retail Building | Fairmont, NC 28340 | $1,835,000 ($717/SF) | 5.25% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $1,835,000
- Property Type
-
Retail
- Square Feet
- 2,560 SF
- Price / Square Foot
- $717
Listing Contacts
Andrew Fallon
Verified Profile
Patrick Nutt
Verified Profile
Philip Wellde
Verified Profile
- Property Info
Property Overview
• Walgreens recently signed a brand new 10-year lease with 11 (5-year) options to extend, demonstrating their committment to this location
• As America’s most loved pharmacy, health and beauty company, Walgreens purpose is to champion the health and well-being of every community in America
• Operating nearly 9,000 retail locations across America, Puerto Rico and the U.S. Virgin Islands, Walgreens is proud to be a neighborhood health destination serving approximately 9 million customers each day
• Walgreens recently relocated from an in-line store to a free-standing store w/ drive-thru, enhancing the services in town while providing ease and convenience for its customers.
• Tenant pays for CAM, taxes, insurance and maintains all aspects of the premises
• No landlord responsibilities
• Ideal, management-free investment for an out-of-state, passive investor
• Walgreens is located at the hard corner of N Walnut St and Leesville St averaging 9,000 VPD
• The immediate trade area is supported by surrounding retailers such as Food Lion, Dollar Tree, Advance Auto Parts, Family Dollar, and more
• The asset has excellent visibility and multiple points of ingress/egress
• The Cooper is a reference to BMW’s Mini Cooper
• Walgreens small-format pharmacy was inspired in part by Walgreens stores near health care systems that are smaller in size and cater to customers picking up medication after getting discharged from the hospital. The stores have a more open concept and get daily deliveries, so they have less stock in the back
• More than 7,000 residents and 1,500 employees support the trade area
• $52,862 average household income
• As America’s most loved pharmacy, health and beauty company, Walgreens purpose is to champion the health and well-being of every community in America
• Operating nearly 9,000 retail locations across America, Puerto Rico and the U.S. Virgin Islands, Walgreens is proud to be a neighborhood health destination serving approximately 9 million customers each day
• Walgreens recently relocated from an in-line store to a free-standing store w/ drive-thru, enhancing the services in town while providing ease and convenience for its customers.
• Tenant pays for CAM, taxes, insurance and maintains all aspects of the premises
• No landlord responsibilities
• Ideal, management-free investment for an out-of-state, passive investor
• Walgreens is located at the hard corner of N Walnut St and Leesville St averaging 9,000 VPD
• The immediate trade area is supported by surrounding retailers such as Food Lion, Dollar Tree, Advance Auto Parts, Family Dollar, and more
• The asset has excellent visibility and multiple points of ingress/egress
• The Cooper is a reference to BMW’s Mini Cooper
• Walgreens small-format pharmacy was inspired in part by Walgreens stores near health care systems that are smaller in size and cater to customers picking up medication after getting discharged from the hospital. The stores have a more open concept and get daily deliveries, so they have less stock in the back
• More than 7,000 residents and 1,500 employees support the trade area
• $52,862 average household income
Property Details
- Class
- C
- Year Built
- 2024
- Stories
- 1
- Property Subtype
- Freestanding
- Lot Size (sq. ft)
- 41,382 SF
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