1230 E Main St | Lincolnton, NC 28092
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
1230 E Main St
Lincolnton, NC 28092
Walgreens 15 Yrs Abs NNN 6.4 CAP · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- STABLE INCOME - Income guaranteed by Walgreens parent corporate (S&P BBB-) investment grade Fortune 500 Company with over 9,200 locations.
- INPLACE FULLY AMORTIZING ASSUMABLE FINANCING - Existing financing is assumable, non-recourse, purchaser owns free & clear at end of 15 yr initial term
- ONE OF ONLY TWO DRUGSTORES IN LINCOLNTON - This Walgreens and the CVS across the street are the two national brand drugstores in Lincolnton.
- 15 YR ABSOLUTE NET LEASE - Walgreens has ±15 years remaining with 10 (5-year) options on an absolute net basis with no landlord responsibilities.
- STRATEGIC LOCATION ACROSS FROM CVS - The property is located directly across the street from a CVS making this a strategic corner for Walgreens.
- 2.9 MI TO ATRIUM HEALTH LINCOLN HOSPITAL - Atrium Health Hospital is a non profit hospital with 101 licensed beds and a 24/7 emergency department.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
14,550 SF
Building Class
B
Year Built
2010
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
1.73 AC
Zoning
G-B
Parking
45 Spaces (3.09 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Freeway Visibility
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
PROPERTY TAXES
| Parcel Number | 01159 | Improvements Assessment | $3,304,493 |
| Land Assessment | $1,196,125 | Total Assessment | $4,500,618 |
PROPERTY TAXES
Parcel Number
01159
Land Assessment
$1,196,125
Improvements Assessment
$3,304,493
Total Assessment
$4,500,618
1 of 1
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
