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
