Walgreens for Sale in Knightdale, NC
Knightdale, NC
Key Investment Metrics
Price
$4,500,000
Cap Rate
7.0%
Net Operating Income
$315,000
Building Size
14550 SF
Land Area
2.38 Acres
Remaining Term
5 years
Lease Expiration
04/30/2031
Lease Term
25 years
Lease Commencement
05/01/2006
Lease Type
Absolute NNN
Tenant Credit
Credit Rated
Year Built
2006
Occupancy
100%
Tenancy
Single
Rent Increases
No
Property overview
Walgreens in Knightdale
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 14,550 SF
- Land area
- 2.38 acres
- Year built
- 2006
- Lease type
- Absolute NNN
- Lease expiration
- 04/30/2031
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.