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For Sale | Walgreens | Raleigh-Durham MSA | Investment Grade | Long Term Lease | Absolute NNN | Hard Corner

For Sale | Walgreens | Raleigh-Durham MSA | Investment Grade | Long Term Lease | Absolute NNN | Hard Corner

For Sale | Walgreens

Investment Highlights

The Boulder Group is pleased to exclusively market for sale a single tenant Walgreens property located in Zebulon, North Carolina.

  • Long lease term with approximately 16 years remaining in the primary term
  • Absolute NNN – No Landlord Responsibilities
  • Investment grade rated tenant (S&P: BBB)
  • Located within the Raleigh-Durham-Chapel Hill CSA and the “Research Triangle” which is anchored by three major research universities: North Carolina State University, Duke University and University of North Carolina at Chapel Hill
  • The population is projected to grow 2.35% annually within three miles of the property
  • The Rite Aid immediately across the street recently closed due to the Walgreens/Rite Aid merger
  • National retailers in the immediate area include Walmart Supercenter, Food Lion, PNC and McDonald’s
  • Strategically located at the corner of a signalized intersection just off Highway 264 (46,000 VPD) and along West Gannon Ave (16,000 VPD) which serves as a primary east-west thoroughfare through Zebulon

Walgreens

PRICE
$6,855,000

CAP RATE
6.00%

SIZE
14,550 SF

LOCATION
Zebulon, NC

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Randy Blankstein
President
(847) 562-0003

Jimmy Goodman
Partner
(847) 562-8500