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542 River Hwy
Mooresville, NC 28117
Walgreens · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Exceptional Renewal Likelihood Backed by Strong Sales and Long-Term Commitment
- Affluent and Growing Trade Area with Strong Demographics
- Ongoing Residential Development Fueling Long-Term Demand
- Dominant Hyper-Regional Retail Trade Area with Strong Healthcare Proximity
- High-Exposure Corner with Excellent Access and Visibility
EXECUTIVE SUMMARY
Northmarq is pleased to offer for sale to qualified investors the opportunity to purchase a fee simple interest in the Walgreens located in Mooresville, North Carolina (“The Property”). The Property consists of a 14,560-square-foot freestanding retail building on a 1.35-acre parcel of land. Walgreens operates under an absolute NNN lease with more than seven years of lease term remaining, offering a fully passive investment with stable, long-term income.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,454 SF
Building Class
B
Year Built/Renovated
2001/2010
Price
$3,956,229
Price Per SF
$273.71
Cap Rate
7%
NOI
$276,936
Tenancy
Single
Building Height
1 Story
Building FAR
0.25
Lot Size
1.35 AC
Zoning
HB - Highway Business
Parking
40 Spaces (2.77 Spaces per 1,000 SF Leased)
Frontage
319’ on River Hwy
AMENITIES
- Signalized Intersection
- Drive Thru
PROPERTY TAXES
| Parcel Number | 4647-46-6973.000 | Improvements Assessment | $2,500,390 |
| Land Assessment | $1,607,680 | Total Assessment | $4,108,070 |
PROPERTY TAXES
Parcel Number
4647-46-6973.000
Land Assessment
$1,607,680
Improvements Assessment
$2,500,390
Total Assessment
$4,108,070
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