500 Fincher St | Monroe, NC 28112
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- LoopNet Team
500 Fincher St
Monroe, NC 28112
24 Hr Walgreens 13 Yrs 5.25 CAP Charlotte MSA · Retail Property For Sale
Investment Highlights
- STABLE INCOME - Income guaranteed by Walgreens parent corporate (S&P BBB-) investment grade Fortune 500 Company with approximately 9,021 locations.
- 24 HR STORE & PHARMACY WITH EXCEPTIONAL SALES - This Walgreens and its pharmacy is open 24-hrs and is reporting exceptional annual sales.
- ADJACENT TO HOSPITAL IN MEDICAL CORRIDOR - Adjacent to Atrium Health Hospital, in medical corridor with ±556,600 SF of medical space.
- LONG TERM 13 YR ABSOLUTE NET LEASE - Walgreens has ±13 years remaining on an absolute net lease with no landlord responsibilities whatsoever.
- STRATEGIC LOCATION NEAR CVS - ±.5 miles from a CVS making this a strategic location, Walgreens purchased and closed the Rite Aid across the street.
- STRONG TRAFFIC & DEMOS - Located at SWC of Roosevelt & Sutherland with combined traffic of ±43,798 VPD, avg. HH income in 10-mi radius is $91,375.
Property Facts
Property Type
Retail
Property Subtype
Building Size
14,725 SF
Building Class
B
Year Built
2009
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
2.03 AC
Zoning
B3
Parking
50 Spaces (3.4 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Freeway Visibility
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
Property Taxes
| Parcel Number | 09-194-138 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $3,589,800 |
Property Taxes
Parcel Number
09-194-138
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$3,589,800
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