This Retail Property is Off-Market.

Garrett Road and NC Highway 54
Durham, NC 27701 ·

14,490 SF · Retail For Sale

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Walgreens

Price N/A Construction Status Under Construction/Proposed
Building Size 14,490 SF Cap Rate 7.25%
Property Type Retail Tenancy Single
Property Sub-type Free Standing Bldg Lot Size 1.36 AC
Property Use Type Net Lease Investment with 10+ years left on lease
Listing ID: 16499378 Date Created: 12/10/2009 Last Updated: 01/11/2010

Description

The site is well located on the southeast corner of Garrett Road and NC Highway 54, in the affluent Hope Valley area of Durham. It is approximately five miles from Duke University and six miles from UNC-Chapel Hill. Surrounding retail includes, Food Lion, Subway, CVS, Burger King, Wachovia, BB&T, Rite Aid, and McDonald' s.

Walgreen Co., Standard & Poor' s rated A+ has 5,800 stores operating in the United States and Puerto Rico, and has average store sales in excess of $7.9 million. Walgreens fills a million prescriptions a day and employs over 195,000 employees. Publicly traded on the NYSE under the symbol WAG .

Research

Garrett Road and NC Highway 54, Durham, NC 27701 (Durham County)

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