1485 River Ridge Dr | Clemmons, NC 27012
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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
| Parcel Number | 5884-98-0647 | Improvements Assessment | $1,878,800 |
| Land Assessment | $1,224,500 | Total Assessment | $3,103,300 |
PROPERTY TAXES
Parcel Number
5884-98-0647
Land Assessment
$1,224,500
Improvements Assessment
$1,878,800
Total Assessment
$3,103,300
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