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Walgreens 801 Mebane Oaks Rd 13,650 SF Retail Building Mebane, NC 27302 $5,030,000 ($368.50/SF) 6.80% 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
Cap Rate 6.8%. 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
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
$5,030,000
Price Per SF
$368.50
Cap Rate
6.80%
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 Boots Alliance traces its roots to Walgreens, founded in Chicago in 1901, and later grew through the combination with Alliance Boots into a broader healthcare, pharmacy, and retail business. The company describes itself as an integrated healthcare, pharmacy, and retail leader serving millions of customers and patients every day. Its business spans retail pharmacy, prescription services, health and wellness products, and related healthcare offerings, reflecting a focus on community-based care and access to medicines and 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
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