Walgreens for Sale in Charlotte, NC
Charlotte, NC
Key Investment Metrics
Price
$5,220,000
Cap Rate
7.8%
Net Operating Income
$404,599
Building Size
14820 SF
Land Area
2.23 Acres
Remaining Term
8.8 years
Lease Expiration
04/23/2035
Lease Term
25 years
Lease Commencement
04/19/2010
Lease Type
Absolute NNN
Tenant Credit
Corporate Guarantee
Year Built
2010
Occupancy
100%
Tenancy
Single
Property overview
Walgreens in Charlotte
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 14,820 SF
- Land area
- 2.23 acres
- Year built
- 2010
- Lease type
- Absolute NNN
- Lease expiration
- 04/23/2035
Confirm current availability, pricing and lease terms through the inquiry form before relying on this listing.
Before you make an offer
Four things to verify
- 1
Lease and guaranty
Request the executed lease and amendments. Identify the legal tenant, guarantor and landlord obligations.
- 2
Income and expenses
Obtain the rent roll and operating statement supporting the advertised NOI and cap rate.
- 3
Property condition
Review survey, title, condition and environmental information relevant to this property.
- 4
Exchange requirements
For a 1031 exchange, confirm eligibility and deadlines with your qualified intermediary and tax adviser.