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Walgreens 5900 Carolina Beach Rd 14,820 SF Retail Building Wilmington, NC 28412 $5,573,000 ($376.05/SF) 7.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Walgreens is the second largest pharmacy in the United States with over 8,700 locations as of May 2025
- Outparcel to Harris Teeter grocery store
- The building was constructed for Walgreens in 2010 with 40 dedicated parking spaces
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,820 SF
Building Class
A
Year Built
2010
Price
$5,573,000
Price Per SF
$376.05
Cap Rate
7.50%
NOI
$418,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
1.57 AC
Zoning
B-2 - Highway Business District
Parking
40 Spaces (2.7 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | R07617-003-004-000 | Improvements Assessment | $4,352,500 |
| Land Assessment | $1,019,500 | Total Assessment | $5,372,000 |
PROPERTY TAXES
Parcel Number
R07617-003-004-000
Land Assessment
$1,019,500
Improvements Assessment
$4,352,500
Total Assessment
$5,372,000
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Walgreens | 5900 Carolina Beach Rd
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