Walgreens | Absolute Triple-Net (NNN) Leased Offering

$2,621,000

106 West Doctor Martin Luther King Junior Drive, Maxton, NC 28364

For Sale

Retail Free Standing

Active

Last Updated: 03/18/2022

Details:

Cap Rate: 7%

NOI: $183,517

Building Size: 9,804 sqft

Lot Area: 2.05 acres

Lease Type: Triple Net

Year Built: 2005

Price Per Sqft: $267.34

Offered by

Nate Cleland

Net Lease Advisor

Sands Investment Group

#PA Lic. # RS304039

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Tom Gorman

Managing Director

Sands Investment Group

Highlights:

Absolute Triple Net (NNN) Lease - Allowing For a True Passive Investment and Zero Landlord Responsibilities
Multiple 5 Year Options to Extend With Fixed Increases of 5%, Providing Landlord Leverage Upon Renewal
Strong Guarantor – Walgreen Co. a Subsidiary of Walgreens Boots Alliance Inc. (NASDAQ: WBA) Reported Total Revenues in Excess of $139 Billion in the 2020 Fiscal Year
Complete Walgreen Conversion Which Shows Commitment to the Site
Full-Service Location With Drive-Thru; The Store Offers Curbside Pickup and Delivery
Investment Grade Tenant (S&P: BBB) With Corporate Guarantee
Zero National Competition Within 8-Miles of the Store
Signalized Access, on a Hard Corner Location With Excellent Visibility on Dr Martin Luther King Jr Drive Which Sees Over 6,830 VPD
Nearby Tenants Include: Dollar General, Hardee’s, Piggly Wiggly, Family Dollar and NAPA Auto Parts

Description:

Sands Investment Group is Pleased to Exclusively Offer For Sale the 9,804 SF Walgreens Located at 106 W Dr Martin Luther King Jr Drive in Maxton, NC. This Deal Includes Approximately 4 Years Remaining on an Absolute Triple Net Lease With 5 % Increases in Each Option Period. This Property Provides a New Owner With an Opportunity to Purchase an Essential Business With an Investment Grade Tenant (S&P:BBB) and Corporate Guarantee.