28532 Archives | Sands Investment Group

Sands Investment Group is Pleased to Exclusively Offer For Sale the 13,813 SF Walgreens Drugstore NNN Lease Located at 101 W Main Street in Havelock, North Carolina. This Investment Provides an Investor the Opportunity to Purchase an Investment Grade (S&P: BBB) Essential Business, With a Corporate Guarantee and More Than 7 Years of Lease Term Remaining on a Triple Net (NNN) Lease. The Property is Situated Immediately Next to the Marine Corps Air Station Cherry Point Base Which Supports More Than 53,000 Active Duty and Retired Marines, the Civilian Workforce and Their Families.

Over 7 Years Remaining on a Triple Net (NNN) Lease
Multiple 5-Year Options to Extend With Fixed Increases of 10%, Providing Landlord Leverage on Renewal
Current Annual Rent of $16.89 PSF is Replaceable and Below the Chainwide Average – Improving the Likelihood of Renewal
Institutional Quality Construction Highlighted By a Brick Façade and Drive-Thru
Investment Grade Tenant (S&P: BBB) With Corporate Guarantee (Walgreen Co.)
Walgreen Co. a Subsidiary of Walgreens Boots Alliance Inc. (NASDAQ: WBA) Reported Total Revenues in Excess of $136 Billion in the 2019 Fiscal Year
Full Conversion of a Former Rite Aid Store, Showing Walgreens Commitment to the Location
Located Next to the Marine Corps Air Station Cherry Point Base Which Supports 53,000 Active Duty and Retired Marines, the Civilian Workforce and Their Families
Limited Drug Store Competition in the Trade Area; There Are Only Two Other Drug Stores (CVS Pharmacy and Walmart) Within 5-Miles of the Property
Excellent Retail Location on Route 70 Which Sees Over 30,224 Vehicles Per Day
Strong Fundamental Real Estate With Multiple Points of Access and Attractive Curb Appeal
Solid Demographic Profile – There Are More Than 21,766 Residents Making an Average Household Income of $57,383 Within a 5-Mile Radius
Nearby Tenants Include: Burger King, McDonald’s, Family Dollar, AutoZone, Dairy Queen, Verizon, Taco Bell, Waffle House, Food Lion, Dollar General and More