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- LoopNet Team
995 Bethania Rural Hall Rd
Rural Hall, NC 27045
Walgreens w/ a Drive-Thru · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Triple Net Lease (NNN) | Zero Landlord Responsibilities
- High Growth Market | Residential Population Increased 16% Since 2010 Within One Mile of the Subject
- Planned Redevelopment of the North Bound Highway 52 Exit to Create a Brand New Hard Signalized Corner Adjacent to the Subject
- Corporate Guaranty | S&P: BBB | NASDAQ: WBA | #17 in the Fortune 500 (2019)
- Ideally Located on Hard Signalized Corner of Rural Hall Rd and Forum Pkwy | More Than 23,000 Vehicles Per Day (VPD)
- Limited Local Competition | Nearest Drugstore Competition Located More Than 2 Miles Away
PROPERTY FACTS
AMENITIES
- Corner Lot
- Signage
- Signalized Intersection
- Drive Thru
ABOUT 995 BETHANIA RURAL HALL RD , RURAL HALL, NC 27045
SAB is pleased to present Walgreens in Rural Hall, NC. It is a triple net lease, where the tenant is responsible for all operating expenses and the roof and structure of the property. The lease features 2% rent bumps in each of the four, five year option periods. This provides a hedge against inflation. The lease is corporately guaranteed by Walgreens which operates more than 8,200 locations and is S&P: BBB rated. The subject property is highly visible on the hard signalized corner of Rural Hall Rd and Forum Pkwy, which features more than 23,000 vehicles per day. There is also a planned re-development of the north bound highway 52 exit nearby the subject. This will create a new hard signalized corner directly in front of the subject property. The project is expected to be completed the middle of this year. There is also limited competition in the market as there are no other pharmacies within two miles.
PROPERTY TAXES
| Parcel Number | 6819-69-3560 | Improvements Assessment | $1,620,900 |
| Land Assessment | $444,500 | Total Assessment | $2,065,400 |
PROPERTY TAXES
