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1812 Holloway St
Durham, NC 27703
Walgreens | Durham, NC | NNN | $7.6M · Retail Property For Sale
Investment Highlights
- STABLE INCOME - Rental income guaranteed by Walgreens Corporation with over 8,900 locations.
- ABSOLUTE NET LEASE WITH 8.5 YRS REMAINING – 8.5 yrs remaining on this absolute net lease with four (5-year) options and no landlord responsibilities.
- DURHAM’S LARGEST EMPLOYERS WITHIN 5 MI - Duke Univ & Duke Univ Health Sys employees are the largest employers in Durham w 43,000+ employees.
- 5% RENTAL INCREASES IN INITIAL TERM & IN OPTIONS -Lease allows 5% increases every 5 yrs in initial term and in options. Next increase is on 4/24/2026.
- RALEIGH-DURHAM-CARY, NC MSA - Durham has a population of ±283,506 residents and in the Raleigh-Durham-Cary, NC MSA with a population of ±2,079,687.
- 3 BLOCKS FROM US ROUTE 70 -West of US Route 70 (±80,000 VPD) off the Holloway St. exit. This east-west hwy spans 480+ mi across North Carolina.
Property Facts
Property Type
Retail
Property Subtype
Building Size
11,224 SF
Building Class
B
Year Built
2005
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
1.81 AC
Zoning
CN
Parking
30 Spaces (2.61 Spaces per 1,000 SF Leased)
Frontage
222’ on Holloway St
Amenities
- Bus Line
- Pylon Sign
- Signage
- Drive Thru
Property Taxes
| Parcel Number | 113770 | Improvements Assessment | $4,381,383 |
| Land Assessment | $1,369,875 | Total Assessment | $5,751,258 |
Property Taxes
Parcel Number
113770
Land Assessment
$1,369,875
Improvements Assessment
$4,381,383
Total Assessment
$5,751,258
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