Sands Investment Group | SIG
  • Home
  • Listings
  • Product Types
    • All
    • Automotive
    • Convenience Store
    • Dollar Store
    • Drugstore
    • Early Education
    • Industrial
    • Medical
    • Multi-Family
    • Office
    • Owner-User
    • Restaurant
    • Retail
    • Self Storage
    • Shopping Centers
  • Results
    • Closings
    • Testimonials
  • About
    • About SIG
    • Meet the Team
    • The SIG Advantage
    • SIGives
    • Press
    • SIG Insider
    • FAQ
  • Contact
  • Careers
  • Search
  • Menu Menu
844.474.4666
info@SIGnnn.com

Walgreens Absolute NNN Lease Drugstore North Carolina

Walgreens | Saint Pauls, NC
Make an Offer
Investment Offering

Tenant: Walgreens | Saint Pauls, NC
Premises: 9,804 SF
Renewal Options: 4 x 5 Years

Lease Expiration: 6/30/2025
Lease Type: Absolute NNN
Rental Increases: 5% at Options


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

View Similar Investment Opportunities

Read Additional Thought Leadership Content From SIG, Specializing in Absolute Triple Net Lease Opportunities

Tenant Overview

Walgreens Boots Alliance (NASDAQ: WBA) is a global leader in retail and wholesale pharmacy, touching millions of lives every day through dispensing and distributing medicines, its convenient retail locations, digital platforms and health and beauty products. The company has more than 100 years of trusted health care heritage and innovation in community pharmacy and pharmaceutical wholesaling.

Including equity method investments, WBA has a presence in more than 25 countries, employs more than 450,000 people and has more than 21,000 stores.

WBA’s purpose is to help people across the world lead healthier and happier lives. The company is proud of its contributions to healthy communities, a healthy planet, an inclusive workplace and a sustainable marketplace. The company’s businesses have been recognized for their Corporate Social Responsibility. Walgreens was named to FORTUNE* magazine’s 2019 Companies that Change the World list and Boots UK was recognized as Responsible Business of the Year 2019-2020 by Business in the Community.

WBA is included in FORTUNE’s 2021 list of the World’s Most Admired Companies, ranked first in the food and drugstore category. This is the 28th consecutive year that WBA or its predecessor company, Walgreen Co., has been named to the list.

Area Overview

Walgreens | Saint Pauls, NC

419 W Broad Street - Saint Pauls, NC 28384

Contact Broker for Details

Status: Sold

Walgreens | Saint Pauls, NC

Nate Cleland

610.756.7239
ncleland@SIGnnn.com

Tom Gorman

610.550.8884
tom@SIGnnn.com

Make an Offer
$8 BILLION IN SALES

Leverage our Platform
List with SIG

Our Intentions

We believe in giving back. There’s a big world outside of the real estate bubble and we know that with success comes responsibility.

Similar Listings of Interest

Walgreens | Glens Falls, NY

Walgreens | Glens Falls, NY

202 Broad St - Glens Falls, NY 12801

Cap Rate: 6.08%
Available
$7,150,000
View Listing Download
Walgreens | Richmond, IN

Walgreens | Richmond, IN

3700 National Road East - Richmond, IN 47374

Cap Rate: 6.40%
Available
$5,468,750
View Listing Download
IGA Grocery Shopping Center Portfolio | Fairmont & Tabor City, NC

IGA Grocery Shopping Center Portfolio | Fairmont & Tabor City, NC

- , NC

Cap Rate: 8.92%
Available
$4,390,000
View Listing Download
CVS Pharmacy | Los Angeles, CA

CVS Pharmacy | Los Angeles, CA

909 South Atlantic Boulevard - Los Angeles, CA 90022

Cap Rate: TBD
Available
Best Offer
View Listing Download
Walgreens | Covington, TN

Walgreens | Covington, TN

950 Highway 51 North - Covington, TN 38019

Cap Rate: 5.75%
Available
$4,539,130
View Listing Download
SIG Influencer
Costar 2017
SC25
INC 5000
Reforum 2016
Costar 2016
Reforum 2015
Connect Media Top Broker 2019
Connect Media Woman
Connect Top Broker Award 2018
2021 Official Member Forbes Councils

Categories

  • Listings
  • NNN Property Types
  • Closings
  • Net Lease Insider
  • The SIG Advantage

Information

  • Press
  • Testimonials
  • Careers

Support

  • Contact
  • Frequently Asked Questions
  • Letter of Intent
  • SIGives
  • SIG Intranet

Contact

Phone: 844.474.4666
Fax: 844.328.5905
Email: info@SIGnnn.com
Instagram

LI

Accessibility

Copyright © 2022 SIGnnn.com - All Rights Reserved. Privacy Policy
  • Twitter
  • Facebook
  • LinkedIn
  • Instagram
  • Youtube
  • Listings
  • NNN Property Types
  • Closings
  • Net Lease Insider
  • The SIG Advantage
  • Home
  • Listings
  • Product Types
    • All
    • Automotive
    • Convenience Store
    • Dollar Store
    • Drugstore
    • Early Education
    • Industrial
    • Medical
    • Multi-Family
    • Office
    • Owner-User
    • Restaurant
    • Retail
    • Self Storage
    • Shopping Centers
  • Results
    • Closings
    • Testimonials
  • About
    • About SIG
    • Meet the Team
    • The SIG Advantage
    • SIGives
    • Press
    • SIG Insider
    • FAQ
  • Contact
  • Careers

Please complete form below to continue.

Login/Register to Download this file

Please complete form below to continue.

Scroll to top
Get Property Updates

By submitting your information and signing up for email updates, you agree to SIG Online Terms of Use