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Walgreens | Jamestown, NC (W Main St.) 407 W Main St 9,762 SF Retail Building Jamestown, NC 27282 $3,834,000 ($392.75/SF) 6.50% Cap Rate
Investment Highlights
- Rare 5% Rental Increases Every 5 Years - Corporate Tenant
- Limited Competition - Only Drug Store Within 4 Mile Radius
- Recent Lease Extension - Nine (9.1) Years Remaining
- Triple Net (NNN) Lease - Zero Landlord Responsibilities
- Drive Thru Location - 122K Residents Within 5 Miles
- Reports Healthy Total Store Sales - Contact Broker for Details
Executive Summary
Walgreens (NASDAQ: WBA) is the second largest drugstore chain in the U.S., with over 13,000 stores in all 50 states.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
9,762 SF
Building Class
B
Year Built
2004
Price
$3,834,000
Price Per SF
$392.75
Cap Rate
6.50%
NOI
$249,237
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
1.12 AC
Zoning
GB
Parking
45 Spaces (4.61 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Drive Thru
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- -
- -
- Triple Net
- -
Walgreens is a U.S.-based retail pharmacy operator providing prescription drugs, health services, and consumer goods through neighborhood drugstores and digital platforms. The company was founded in 1901 by Charles Rudolph Walgreen in Chicago, Illinois. Over time, Walgreens expanded nationwide and became one of the largest pharmacy chains in the United States. In 2014, Walgreens became part of the newly formed holding company Walgreens Boots Alliance following the acquisition of Alliance Boots.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | - | - | Triple Net | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 0160270 | Improvements Assessment | $1,347,900 |
| Land Assessment | $390,300 | Total Assessment | $1,738,200 |
Property Taxes
Parcel Number
0160270
Land Assessment
$390,300
Improvements Assessment
$1,347,900
Total Assessment
$1,738,200
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Walgreens | Jamestown, NC (W Main St.) | 407 W Main St
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