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1485 River Ridge Dr
Clemmons, NC 27012
Walgreens · Retail Property For Sale

INVESTMENT HIGHLIGHTS

  • Absolute Net Lease: Zero Landlord Responsibilities
  • Strong Income Growth: 10% Rental Escalations During Option Periods
  • Affluent Demographics: Average Household Income of $94,586 within a 1-Mile Radius
  • Corporate-Backed Lease: Guaranteed by Walgreens Co.
  • Prime Property: 14,547 SF Freestanding Building with Drive-Thru on 1.68 Acres
  • Strategic Location: Shadow Anchored by a Food Lion Shopping Center, Near US Route 421 (41,736 VPD)

PROPERTY FACTS

Property Type
Retail
Property Subtype
Drug Store
Building Size
14,553 SF
Building Class
B
Year Built/Renovated
2002/2011
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.20
Lot Size
1.68 AC
Zoning
HB-S
Parking
46 Spaces (3.16 Spaces per 1,000 SF Leased)
Frontage
180’ on River Ridge Dr

AMENITIES

  • Freeway Visibility
  • Pylon Sign
  • Signage
  • Drive Thru

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
5884-98-0647
Land Assessment
$1,224,500
Improvements Assessment
$1,878,800
Total Assessment
$3,103,300
  • Listing ID: 33235489

  • Date on Market: 9/19/2024

  • Last Updated:

  • Address: 1485 River Ridge Dr, Clemmons, NC 27012

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