110 W Garrison Blvd
Gastonia, NC 28052
Walgreens (DBA Rite Aid ) - Absolute Net · Retail Property For Sale

The property is subject to a 20-Year Absolute Net Lease (zero landlord responsibilities) with 5+ years remaining on the initial term. The tenant recently exercised its first 5-year option period showing a strong commitment to the site. The lease was recently assigned to Walgreens Corporate Entity. The 10,908 square feet prototypical freestanding building with a drive-thru was built in 1998 and sits on approximately 1.14 acres of land located on a hard corner signalized intersection across the street from a Food Lion center with traffic counts of 23,000 VPD+/-. The population within a 5-Mile radius exceeds 102,000 people with a projected growth rate of 5% within a 1-mile radius by 2023. The city of Gastonia is 22 miles West of Charlotte and is part of the Charlotte Metropolitan Statistical Area.