1006 Monroe St | Carthage, NC 28327
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- LoopNet Team
1006 Monroe St
Carthage, NC 28327
Walgreens NC 10 Yr Extension Rental Increases · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Walgreens is reporting exceptional sales volumes at this location with a rent-to-sales ratio of 2.14%.
- Walgreens extended this lease by 10 years in March of 2024 showing commitment to this location.
- The lease allows for 5% rental increases at each of the options.
- Only freestanding national brand drugstore within a 10-mile radius. Nearest Walgreens is 10.5 miles southwest and nearest CVS is 12.5 miles southwest.
- This is an absolute net lease with no landlord responsibilities whatsoever.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
11,368 SF
Building Class
C
Year Built/Renovated
1998/2005
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
1.23 AC
Zoning
HC - Highway Commercial
Parking
30 Spaces (2.64 Spaces per 1,000 SF Leased)
Frontage
350’ on Monroe Street
AMENITIES
- Corner Lot
- Drive Thru
PROPERTY TAXES
| Parcel Number | 8577-08-99-6056 | Improvements Assessment | $1,331,880 |
| Land Assessment | $421,110 | Total Assessment | $1,752,990 |
PROPERTY TAXES
Parcel Number
8577-08-99-6056
Land Assessment
$421,110
Improvements Assessment
$1,331,880
Total Assessment
$1,752,990
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