418 US Highway 264 Byp
Belhaven, NC 27810
Walgreens w/ Value-Add Potential · Retail Property For Sale

Walgreens ( Property ) is a 12,400-sf multitenant retail asset located in historic Belhaven, North Carolina on the corner of W Mill Street and US Highway 264- the main route running into Belhaven NC. Walgreens currently occupies 6,400 SF with 6,000 SF vacant. Area retailers include Dollar General, Dunkin' Donuts, O' Neal' s Drug Store, Hardee' s, Food Lion, Advance Auto Parts, and Dollar Tree. The Property is currently 51.61% leased to Walgreens, which is considered to be one of the most stable companies in the world. The Sale also includes 1.81 acres of additional land directly behind the building. The remaining vacancy presents a significant value-add opportunity for an investor. North Carolina ranks as one of the best states to do business, garnering awards from Forbes, CNBC, Site Selection Magazine and others. A dedication to tax reform reduced the state' s corporate income tax rate to 3 percent, the lowest in the United States, in 2017. Belhaven is a town in Beaufort County, 50 miles east of Greenville in North Carolina' s Inner Banks region. Belhaven is a part of the Greenville- New Bern- Kinston Combined Statistical Area, which consists of seven counties in Eastern North Carolina and has a population of 477,723 people.