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Walgreens 2416 Randleman Rd 2,502 SF Retail Building Greensboro, NC 27406 $1,800,000 ($719.42/SF) 7% Cap Rate
Investment Highlights
- 2024 new construction | Absolute net lease | Zero landlord responsibilities
- Corporate lease | Walgreen Co. | 8,700 locations across all 50 states
- Located inside of dense retail corridor | 2.4M SF within a 2-mile radius
- Great visibility & access from Randleman Rd | 18,500 VPD | Relocated from a nearby site | Established customer base
- Quick access to I-40 | 139,000 VPD
- 5 minutes from Kindred Hospital Greensboro | 124 beds
Executive Summary
Ransome Foose and Carl Brendes of Berkeley Capital Advisors are pleased to present for sale Walgreens in Greensboro, 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
2,502 SF
Year Built
2024
Price
$1,800,000
Price Per SF
$719.42
Cap Rate
7%
NOI
$125,983
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.01 AC
Zoning
Commercial
Parking
17 Spaces (6.79 Spaces per 1,000 SF Leased)
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0029742 | Improvements Assessment | $444,600 |
| Land Assessment | $399,900 | Total Assessment | $844,500 |
Property Taxes
Parcel Number
0029742
Land Assessment
$399,900
Improvements Assessment
$444,600
Total Assessment
$844,500
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