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Walgreens | Jamestown, NC (W Main St.) 407 W Main St 9,762 SF Retail Building Jamestown, NC 27282 $5,246,446 CAD ($537.44 CAD/SF) 6.50% Cap Rate

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Investment Highlights

  • Rare 5% Rental Increases Every 5 Years - Corporate Tenant
  • Limited Competition - Only Drug Store Within 4 Mile Radius
  • Recent Lease Extension - Nine (9.1) Years Remaining
  • Triple Net (NNN) Lease - Zero Landlord Responsibilities
  • Drive Thru Location - 122K Residents Within 5 Miles
  • Reports Healthy Total Store Sales - Contact Broker for Details

Executive Summary

Walgreens (NASDAQ: WBA) is the second largest drugstore chain in the U.S., with over 13,000 stores in all 50 states.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
9,762 SF
Building Class
B
Year Built
2004
Price
$5,246,446 CAD
Price Per SF
$537.44 CAD
Cap Rate
6.50%
NOI
$341,056 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
1.12 AC
Zoning
GB
Parking
45 Spaces (4.61 Spaces per 1,000 SF Leased)
Frontage
127’ on W Main St

Amenities

  • Pylon Sign
  • Drive Thru

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Retailer
  • -
  • -
  • Triple Net
  • -

Walgreens is a major U.S. pharmacy and retail chain founded in 1901 in Chicago, Illinois. The company operates thousands of locations across the United States, providing prescription medications, over-the-counter drugs, health and wellness products, and convenience items. Walgreens also offers services such as immunizations, health screenings, and photo processing. The company has expanded its healthcare offerings through partnerships and in-store clinics, aiming to integrate pharmacy services with broader health solutions. Walgreens is part of Walgreens Boots Alliance, a global pharmacy-led health and wellbeing enterprise.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Retailer - - Triple Net -

Nearby Major Retailers

Food Lion
Truist
Pinnacle Bank

Property Taxes

Property Taxes

Parcel Number
0160270
Land Assessment
$529,286 CAD
Improvements Assessment
$1,827,887 CAD
Total Assessment
$2,357,173 CAD
  • Listing ID: 30690061

  • Date on Market: 2024-01-18

  • Last Updated:

  • Address: 407 W Main St, Jamestown, NC 27282

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