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Walgreens 300 E Cornwallis Dr 13,650 SF Retail Building Greensboro, NC 27408 $6,210,000 ($454.95/SF) 9.50% Cap Rate
Investment Highlights
- Absolute NNN lease with zero landlord responsibilities for maintenance, repairs, or capex.
- Ranked in the top 13% of pharmacy locations nationwide per AlphaMap.
- Generates approximately $3.74 million in annual gross sales.
- Corporate guarantee providing enhanced credit security and reduced default risk.
- Rare 24-hour store and pharmacy at a signalized hard corner with ±30,000 VPD.
- Just 1.3 miles from The Moses H. Cone Memorial Hospital driving prescription demand.
Executive Summary
Gerard Hamas
Matthews of North Carolina, LLC
362768, C42113 (NC)
307 W. Tremont Ave., Ste 200, Charlotte, NC 28203
(866) 889-0550
Matthews of North Carolina, LLC
362768, C42113 (NC)
307 W. Tremont Ave., Ste 200, Charlotte, NC 28203
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,650 SF
Building Class
B
Year Built
2009
Price
$6,210,000
Price Per SF
$454.95
Cap Rate
9.50%
NOI
$590,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
1.36 AC
Opportunity Zone
Yes
Zoning
GB
Parking
55 Spaces (4.03 Spaces per 1,000 SF Leased)
Amenities
- Drive Thru
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
Walgreens began in 1901 on Chicago's South Side, when pharmacist Charles R. Walgreen Sr. opened a neighborhood drugstore that grew into a national chain. Walgreens later combined with Alliance Boots to form Walgreens Boots Alliance, bringing together retail pharmacy, pharmaceutical wholesaling, and healthcare services under one business. Walgreens Boots Alliance operates an integrated healthcare, pharmacy, and retail model spanning U.S. and international operations, with businesses centered on prescription filling, consumer health products, beauty items, and related services.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | - | $9.99 | Lorem Ipsum | Jan 0000 |
Moderately walkable
70/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0012875 | Improvements Assessment | $1,918,100 |
| Land Assessment | $1,016,600 | Total Assessment | $2,934,700 |
Property Taxes
Parcel Number
0012875
Land Assessment
$1,016,600
Improvements Assessment
$1,918,100
Total Assessment
$2,934,700
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