2531 Cuthbertson Rd | Waxhaw, NC 28173
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2531 Cuthbertson Rd
Waxhaw, NC 28173
Walgreens · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Essential Tenant, Absolute NNN Lease: no Landlord responsibilities whatsoever
- Exceptional Demographics: Waxhaw is a newer, highly affluent and rapidly growing south Charlotte suburb - 56% population growth, $181k AHHI
- Investment Grade Credit Tenant: Walgreens Boots Alliance (NASDAQ: WBA)(S&P: BBB, Moody's: Baa2)
- Long-term Corporate Guaranteed Lease: 14.2 years remaining on initial 25-year term with 10, 5-year renewal options
- Strategic Location: at the entrance to two major developments: Shoppes at Howard's Mill (Lowe's, Walmart) & Cureton Town Center (Harris Teeter)
- Institutional Market: Charlotte's job and population growth has outpaced the nation's by 3X over the past decade
PROPERTY FACTS
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,820 SF
Building Class
B
Year Built
2009
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
1.78 AC
Zoning
AL7 - Commercial
Parking
65 Spaces (4.39 Spaces per 1,000 SF Leased)
Frontage
200’ on Providance Rd.
AMENITIES
- Corner Lot
- Dedicated Turn Lane
- Freeway Visibility
- Signage
- Signalized Intersection
- Drive Thru
PROPERTY TAXES
| Parcel Number | 06-162-022-A | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $3,903,400 |
PROPERTY TAXES
Parcel Number
06-162-022-A
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$3,903,400
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