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Walgreens 3432 Edwards Mill Rd 13,813 SF Retail Building Raleigh, NC 27612 $5,040,000 ($364.87/SF) 6.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Affluent surrounding area | $145,441 average household income within a 1-mile radius
- Corporate lease | Walgreen Co. | 8,886+ locations nationwide | 11+ years of lease term remaining
- Strong population growth within a 1-mile radius | 26.86% from ’10-‘24
- 5 minutes from UNC Rex Hospital | 665 beds
- Located inside of dense retail corridor | 2.5M SF within a 2-mile radius
- 10 minutes from North Carolina State University | 39,600+ students
EXECUTIVE SUMMARY
Carl Brendes and Ransome Foose of Berkeley Capital Advisors are pleased to present for sale Walgreens in Raleigh, NC. We welcome your review of this attractive investment.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,813 SF
Building Class
C
Year Built
2005
Price
$5,040,000
Price Per SF
$364.87
Cap Rate
6.25%
NOI
$315,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
1.95 AC
Zoning
NB - Neighborhood Business
Parking
70 Spaces (5.07 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
- Signage
- Signalized Intersection
- Drive Thru
Walk Score®
Very Walkable (70)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0785.12-75-7701-000 | Improvements Assessment | $3,801,112 |
| Land Assessment | $1,759,376 | Total Assessment | $5,560,488 |
PROPERTY TAXES
Parcel Number
0785.12-75-7701-000
Land Assessment
$1,759,376
Improvements Assessment
$3,801,112
Total Assessment
$5,560,488
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Walgreens | 3432 Edwards Mill Rd
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