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Walgreens 1500 E Broad Ave 14,550 SF Retail Building Rockingham, NC 28379 $3,807,000 ($261.65/SF) 7.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Excellent positioning within the main retail corridor in town
- Located inside of primary retail corridor in the surrounding area | 1.3M SF within a 1-mile radius
- Large parcel | 1.44 acres
- Signalized corner intersection shared with Lowe’s anchored shopping center and Richmond Plaza shopping mall | 29,000 VPD Combined
- Long operating history | Leased since 2008
- Less than 1 mile from First Health Moore Regional Hospital Richmond | 99 beds
EXECUTIVE SUMMARY
Ransome Foose and Carl Brendes of Berkeley Capital Advisors are pleased to present for sale Walgreens in Rockingham, NC. We welcome your review of this attractive investment.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,550 SF
Building Class
B
Year Built
2009
Price
$3,807,000
Price Per SF
$261.65
Cap Rate
7.75%
NOI
$295,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
1.44 AC
Zoning
Commercial
Parking
54 Spaces (3.71 Spaces per 1,000 SF Leased)
Frontage
265’ on Broad Ave
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 747202-56-7645 | Improvements Assessment | $1,799,019 |
| Land Assessment | $419,260 | Total Assessment | $2,218,279 |
PROPERTY TAXES
Parcel Number
747202-56-7645
Land Assessment
$419,260
Improvements Assessment
$1,799,019
Total Assessment
$2,218,279
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Walgreens | 1500 E Broad Ave
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