Log In/Sign Up
Your email has been sent.
Walgreens 1712 S Stratford Rd 14,736 SF Retail Building Winston-Salem, NC 27103 $5,928,000 ($402.28/SF) 6.25% Cap Rate
Investment Highlights
- Long-Term Absolute Triple-Net (NNN) Lease | This investment property is subject to a 14-year, absolute triple-net (NNN) lease, with zero landlord resp
- Rare Rental Increases
- Corporate Guarantee | Walgreens is one of the nation's largest leading drugstore chains, operating 8,600+ drugstores with a presence in all 50 states
- Large Lot Size | This property features a large 1.98-acre lot located on a hard corner and a four-way signalized intersection.
Executive Summary
NNN Pro is pleased to present the exclusive listing for a Walgreens located at 1712 S Stratford Rd, Winston-Salem, NC 27103. The site consists of roughly 14,736 rentable square feet of building space on an estimated 1.98-acre parcel of land. This Walgreens is subject to a 15-year Triple Net (NNN) lease, which commenced 2/22/2024. The current annual rent is $370,500 and has scheduled increases of 5.00% every 5 years.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,736 SF
Building Class
C
Year Built
2007
Price
$5,928,000
Price Per SF
$402.28
Cap Rate
6.25%
NOI
$370,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.98 AC
Zoning
RH-1 - Comercial
Parking
59 Spaces (4 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Pylon Sign
- Signalized Intersection
- Drive Thru
Nearby Major Retailers
Property Taxes
| Parcel Number | 6814-46-1681 | Improvements Assessment | $2,875,900 |
| Land Assessment | $2,113,100 | Total Assessment | $4,989,000 |
Property Taxes
Parcel Number
6814-46-1681
Land Assessment
$2,113,100
Improvements Assessment
$2,875,900
Total Assessment
$4,989,000
1 of 3
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Walgreens | 1712 S Stratford Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.