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1006 Monroe St
Carthage, NC 28327
Walgreens - Carthage, NC · Retail Property For Sale
Investment Highlights
- Reported $10.1 million in annual sales, with a 2.06% rent-to-sales ratio, well below industry averages. Sales have grown 3.66% annually since 2017
- Walgreens is operating at a below-average rent, making this a low-rent, high-sales location with strong tenant profitability
- This is the only national drugstore within a 10-mile radius, ensuring a dominant market position and reliable customer traffic
- Walgreens has shown commitment to this location with a 10-year lease extension, reflecting strong confidence in the site's continued performance
- The lease features rental increases of 5% in each option period, providing rent growth as opposed to a large portion of Walgreens
- Walgreens Positioned Near the Renowned Pinehurst Golf Course.
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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