Walgreens | 121 Railroad Ave
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Walgreens 121 Railroad Ave
11,200 SF Retail Building Rutherfordton, NC 28139 $2,461,200 CAD ($220 CAD/SF) 7.50% Cap Rate
Investment Highlights
- Strong Fundamental Real Estate with Multiple Points of Access and Attractive Curb Appeal
- Located on Hard, Signalized Corner with 23,000+ VPD
- Equipped With Ample Parking (66 Surface Spaces)
- Current Annual Rent of $11.72 PSF is Replaceable & Well Below the Chainwide Average, Improving Likelihood of Renewal
Executive Summary
For Sale
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
11,200 SF
Building Class
C
Year Built
2000
Price
$2,461,200 CAD
Price Per SF
$220 CAD
Cap Rate
7.50%
NOI
$184,590 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Land Acres
1.60 AC
Zoning
C2
Parking
66 Spaces (5.89 Spaces per 1,000 SF Leased)
Frontage
279 ft on I-221
PROPERTY TAXES
| Parcel Number | 1634962 | Improvements Assessment | $1,602,452 CAD |
| Land Assessment | $499,131 CAD | Total Assessment | $2,101,583 CAD |
PROPERTY TAXES
Parcel Number
1634962
Land Assessment
$499,131 CAD
Improvements Assessment
$1,602,452 CAD
Total Assessment
$2,101,583 CAD
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Robert Michil -
Dominic Shamany -
Legacy Commercial Real Estate Advisors
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Walgreens | 121 Railroad Ave
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