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Walgreens | NN Lease

$2,106,372

2465 South New Hope Road, Gastonia, NC 28054

Active
Last Updated: 09/20/2024

7.25

Cap Rate

152,712

NOI

Details:
Cap Rate:    7.25%
NOI:    $152,712
Building Size:    10,908 sqft
Lot Area:    1.74 acres
Lease Type:    Double Net
Year Built:    1998
Price Per Sqft:    $193
Description:

• Lease recently extended: 14.2 years of term remaining
• Double net lease with investment grade tenant (SSP Credit Rating: 8138)
• Located on hard corner bt of South New Hope Rd. and Redbud Dr.
• Located M a dense retail corridor with other national retailers including Willman. Sonic. Domino's. Lowe's, etc.
• Conveniently located across the street from Waitron 8 Eastwood Shopping center
• Located directly adjacent to Food Lion & Redbud Commons Shopping center
• Attractive affluent demographics near the subject property with the average household income exceeding $107.277 within a s2 mile radius of the property

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Offering Memorandum
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