Albemarle, NC - Walgreens

Description:

• The tenant currently has 7+ years remaining on their initial lease with 50 (1-year) options to extend, demonstrating their commitment to the site
• The lease is Corporate Guaranteed
• Walgreens proudly serves nearly 9 million customers and patients each day across its approximately 8,500 stores throughout the U.S. and Puerto Rico

• The subject property is located at the signalized, hard corner intersection of E. Main St and NC-24 which averages a combined 33,300 VPD
• The site is an outparcel to Albemarle Crossing, a 340,000 SF shopping center, anchored by Lowe’s, Belk, Goodwill, and more
• Other nearby national/credit tenants include Aldi, Walmart Supercenter, Chick-fil-A, Hobby Lobby, Food Lion, and many more
• Strong tenant synergy promotes crossover shopping to the subject property