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Walgreens 801 Mebane Oaks Rd 13,650 SF Retail Building Mebane, NC 27302 $4,718,000 ($345.64/SF) 7.25% Cap Rate
Investment Highlights
- NNN Leased Investment Property--Perfect for 1031 Exchange
- Hard Corner--High Traffic Count
- Mebane is the fastest growing community in North Carolina
- 100% Bonus Depreciation
- Average household income: $95,051.00
Executive Summary
Higher Cap Rate 7.25%. Walgreens. Corporate guaranteed lease. NNN Leased Investment Property. Located in Mebane, one the fastest growing communities in North Carolina. Perfect for 1031 exchange. Lease commencement 2010. 75-year lease with 60 years remaining. No landlord responsibilities. Walgreens net worth $10.12B. Mebane NC is located 35 minutes east of Greensboro and 25 minutes west of Durham. Average household income: $95,051.00. Located in the "Research Triangle". Hard corner location with high traffic count. 100% Bonus Depreciation Benefit.
Property Facts Under Contract
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
13,650 SF
Building Class
B
Year Built
2010
Price
$4,718,000
Price Per SF
$345.64
Cap Rate
7.25%
NOI
$342,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
1.62 AC
Zoning
MBC16
Parking
74 Spaces (5.13 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
Walgreens began in 1901 on Chicago's South Side, when pharmacist Charles R. Walgreen Sr. opened a neighborhood drugstore that grew into a national chain. Walgreens later combined with Alliance Boots to form Walgreens Boots Alliance, bringing together retail pharmacy, pharmaceutical wholesaling, and healthcare services under one business. Walgreens Boots Alliance operates an integrated healthcare, pharmacy, and retail model spanning U.S. and international operations, with businesses centered on prescription filling, consumer health products, beauty items, and related services.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 164591 | Improvements Assessment | $2,038,894 |
| Land Assessment | $834,218 | Total Assessment | $2,873,112 |
Property Taxes
Parcel Number
164591
Land Assessment
$834,218
Improvements Assessment
$2,038,894
Total Assessment
$2,873,112
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Walgreens | 801 Mebane Oaks Rd