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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
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 Chicago in 1901, after pharmacist Charles R. Walgreen Sr. purchased the drugstore where a pharmacy career began. The company grew from a neighborhood drugstore into a broad retail health business offering prescription services, health and wellness products, photo services, home delivery, specialty pharmacy, and virtual healthcare. Walgreens serves customers through a wide network of community pharmacies and digital platforms, with a focus on accessible medicine, everyday essentials, and healthcare support.
| 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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Contact the Sale Advisor
Walgreens | 801 Mebane Oaks Rd