Concord, NC - Walgreens

Description:

• 12+ years of remaining term on the original 20-year base term
• The lease is corporate signed by QuikTrip Corporation, a reputable private company with more than 1,000 locations nationwide
• The lease features a 5% rental increase every 5-years, including at the beginning of each option period to extend the lease

• The subject property located across from Concord Mills Shopping Center, a Super Regional Mall that spans over 1,362,000 square feet and anchors by four major retailers; Bass Pro Shops Outdoor World, Nike Factory Store, T.J. Maxx and Burlington
• Concord Mills is ranked in the 92nd percentile (39 out of 497) of all nationwide super-regional malls via Placer.ai
• The property is positioned along Interstate 85 (160,000 VPD)
• The asset is located at the signalized, hard corner intersection of Derita Rd & Christenbury Pkwy with a combined 33,000 vehicles passing by daily
• Christenbury Corners, located on the Southwest corner of the intersection, is ranked in the 93rd percentile (695 out of 11,433) of all nationwide neighborhood centers via Placer.ai