Walgreens Absolute NNN Lease

Walgreens | Saint Pauls, NC

Sands Investment Group is Pleased to Exclusively Offer For Sale the 9,804 SF Walgreens Absolute NNN Lease Located at 419 W Broad Street in Saint Pauls, North Carolina. The Deal Includes Approximately 4 Years Remaining on an Absolute Triple Net Lease With 5% Increases in Each Option Period. This Property Provides a New Owner With an Opportunity to Purchase an Essential Business With Investment Grade Tenant (S&P: BBB) and Corporate Guarantee in a Strong Performing Location. The Next Closest National Drugstore Operator is More Than 15-Miles Away.

  • The Deal Includes an Absolute Triple Net (NNN) Lease Which Allows For a True Passive Investment and Zero Landlord Responsibilities
  • Above Average Sales For This Walgreens Concept
  • Complete Walgreens Conversion Which Shows Commitment to the Site
  • Full-Service Location With Drive-Thru; The Store Offers Curbside Pickup and Delivery
  • Zero National Competition Within a 15-Mile Radius
  • Investment Grade Tenant (S&P: BBB) With Corporate Guarantee
  • Multiple 5 Year Options to Extend With Fixed Increases of 5%, Providing Landlord Leverage Upon Renewal
  • Signalized Access With Excellent Visibility on Route 301 Which Sees Over 6,629 VPD
  • Strong Guarantor – Walgreen Co. a Subsidiary of Walgreens Boots Alliance Inc. (NASDAQ: WBA) Reported Total Revenues in Excess of $139 Billion in the 2020 Fiscal Year
  • The Property is Situated Less Than 10-Miles From the Master Planned Hope Mills Industrial Park Which is Currently Being Developed and Will Consist of Over 1.3 Million SF of New Warehouse Product Along I-95, Providing an Economic Anchor in the Trade Area
  • Nearby Tenants Include: AutoZone, Hardee’s, Pizza Hut, Burger King, Food Lion, Days Inn, Taco Bell, Family Dollar, Walmart Neighborhood and More

In Cooperation With Sands Investment Group North Carolina, LLC – Lic. #29362 | BoR: Amar Goli – Lic. # 310575

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