Dollar Tree (Walgreens Sublease) | Absolute Triple Net (NNN)
5811 Prosperity Church Road, Charlotte, NC
$4,357,280
Price
7.5%
Cap Rate
$326,796
NOI
Overview
Description
Sands Investment Group is Pleased to Exclusively Offer For Sale the 15,236 SF Walgreens/Dollar Tree Sublease at 5811 Prosperity Church Road in Charlotte, Located Less Than ¼-Mile From I-485 With Strong Retailers Nearby. This Opportunity Includes About 2 Years Remaining on an Absolute Triple Net (NNN) Walgreens Lease With a Sublease From Dollar Tree in Charlotte, Which is One of the Fastest Growing Markets in the Country.
In Cooperation With: Sands Investment Group North Carolina, LLC Lic. # 29362
BoR: Amar Goli - NC Lic. # 310575
Highlights
- Absolute Triple Net (NNN) Walgreens Lease With Zero Landlord Responsibilities
- Tenant and Subtenant Remained Open During COVID and Did Not Miss Any Rent Payments
- 15,236 SF Building Situated on 1.45 Acres With Over 54 Parking Spaces on Site, a Drive-Thru and Potential Opportunity For a Kiosk
- Strategically Located With a Population of Over 136,169 Residents Making an Average Household Income of $94,023 Within a 5-Mile Radius of the Property
- Located Directly Across the Street From the Pointe at Prosperity Village, a Newly Constructed (2017) 292-Unit Class A Apartment Community
- Located at a Signalized Intersection With Ridge Rd and Less Than ¼-Mile From I-485, Which Sees Over 123,800 VPD Providing Great Exposure
- Convenient Location – Only 20 Minutes From Uptown Charlotte
- Part of the Thriving Charlotte MSA, Which is Home to Over 3,000,000 Residents
- High Growth Submarket – Projected Annual Growth of 2.5% Through 2025 Within a 5-Mile Radius
- Positioned Within a Strong Retail Corridor With Nearby Tenants Including: Publix, ALDI, Harris Teeter, Chick-fil -A, Bojangles’, Pep Boys and More
Documents
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Offering Memorandum |