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1006 Monroe St
Carthage, NC 28327
Retail Property For Sale
Investment Highlights
- RECENT 10-YEAR EXTENSION | Walgreens recently extended their lease early for an additional 10 years, showing long-term commitment to this location.
- RARE RENTAL INCREASES | The lease features rare rental increases of 5% in each option period, providing future rent growth for the investor.
- LIMITED COMPEITION & STRONG DEMOGRAPHICS | This is the only freestanding drugstore within 10 miles. As the only national drugstore in the submarket.
- ABSOLUTE NNN | There are zero landlord maintenance responsibilities. The tenant is directly responsible for all CAM, Taxes.
- EXTREMELY ATTRACTIVE SALES | Walgreens has been reporting exceptional sales at this location, which have grown an average of 5.7% per year since 2017.
Property Facts
Property Type
Retail
Property Subtype
Building Size
9,837 SF
Building Class
C
Year Built/Renovated
1998/2005
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.23 AC
Zoning
CG - 345 - Discount Dep Store
Parking
30 Spaces (2.64 Spaces per 1,000 SF Leased)
Frontage
350’ on Monroe Street
Amenities
- Corner Lot
- Freeway Visibility
- Signage
- Drive Thru
- Air Conditioning
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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