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Walgreens 1505 E Innes St

14,950 SF Retail Building Salisbury, NC 28146 $7,623,363 CAD ($509.92 CAD/SF) 6.75% Cap Rate

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INVESTMENT HIGHLIGHTS

12 Years Remaining | Options to Extend | Established Brand
Strong Demographics in 5-Mile Trade Area | Direct Consumer Base | Charlotte MSA
Signalized, Hard Corner Intersection | Interstate 85 (83,000 VPD) |Excellent Visibility & Access

Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
Innes Street Market (349,000+ SF) | Dense Retail Corridor | Strong National/Credit Tenant Presence

EXECUTIVE SUMMARY

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Walgreens investment property located in Salisbury, North Carolina. The tenant, Walgreens, Inc has 12 years remaining on the initial lease with 10 (5-year) options to extend, demonstrating their commitment to the site. The lease features 5% increases at the beginning of each option, growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. Walgreens operates nearly 9,000 retail locations across the U.S. and Puerto Rico, Walgreens is proud to serve nearly 9 million customers and patients daily.