Overview

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.

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

Documents

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