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Walgreens 7143 Knightdale Blvd 14,550 SF Retail Building Knightdale, NC 27545 $4,500,000 ($309.28/SF) 7% Cap Rate
Investment Highlights
- Signalized corner intersection | Knightdale Blvd & N Smithfield Rd
- Outparcel to a Food Lion anchored shopping center | 55,000 SF of retail space
- Explosive population growth within a 3-mile radius | 59.02% from 2010-2025
- Absolute Net Lease | Zero landlord responsibilities
- Long operating history | Leased since 2006
- High traffic counts | Knightdale Blvd (38,500 VPD), I-540 (44,500 VPD), N Smithfield Rd (12,000 VPD), and I-64 (97,500 VPD)
Executive Summary
Ransome Foose and Carl Brendes of Berkeley Capital Advisors are pleased to present for sale Walgreens in Knightdale, NC. We welcome your review of this attractive investment.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment NNN
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,550 SF
Building Class
B
Year Built
2005
Price
$4,500,000
Price Per SF
$309.28
Cap Rate
7%
NOI
$315,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
2.38 AC
Zoning
Commercial
Parking
45 Spaces (3.09 Spaces per 1,000 SF Leased)
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 1754.09-16-8189-000 | Improvements Assessment | $3,716,890 |
| Land Assessment | $1,879,566 | Total Assessment | $5,596,456 |
Property Taxes
Parcel Number
1754.09-16-8189-000
Land Assessment
$1,879,566
Improvements Assessment
$3,716,890
Total Assessment
$5,596,456
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Walgreens | 7143 Knightdale Blvd
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