Walgreens - Fairmont, NC | 103 N Walnut St
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Walgreens - Fairmont, NC 103 N Walnut St
2,560 SF Retail Building Fairmont, NC 28340 £1,369,288 (£535/SF) 5.50% Net Initial Yield
Investment Highlights
- Ideal, management-free investment for an out-of-state, passive investor
- The asset has excellent visibility and multiple points of ingress/egress
- The immediate trade area is supported by surrounding retailers such as Food Lion, Dollar Tree, Advance Auto Parts, Family Dollar, and more
- More than 7,000 residents and 1,500 employees support the trade area
Executive Summary
• Walgreens recently signed a brand new 10-year lease with 11 (5-year) options to extend, demonstrating their committment to this location
• As America’s most loved pharmacy, health and beauty company, Walgreens purpose is to champion the health and well-being of every community in America
• Operating nearly 9,000 retail locations across America, Puerto Rico and the U.S. Virgin Islands, Walgreens is proud to be a neighborhood health destination serving approximately 9 million customers each day
• Walgreens recently relocated from an in-line store to a free-standing store w/ drive-thru, enhancing the services in town while providing ease and convenience for its customers.
• Tenant pays for CAM, taxes, insurance and maintains all aspects of the premises
• No landlord responsibilities
• Walgreens is located at the hard corner of N Walnut St and Leesville St averaging 9,000 VPD
• The Cooper is a reference to BMW’s Mini Cooper
• Walgreens small-format pharmacy was inspired in part by Walgreens stores near health care systems that are smaller in size and cater to customers picking up medication after getting discharged from the hospital. The stores have a more open concept and get daily deliveries, so they have less stock in the back
• $52,862 average household income
• As America’s most loved pharmacy, health and beauty company, Walgreens purpose is to champion the health and well-being of every community in America
• Operating nearly 9,000 retail locations across America, Puerto Rico and the U.S. Virgin Islands, Walgreens is proud to be a neighborhood health destination serving approximately 9 million customers each day
• Walgreens recently relocated from an in-line store to a free-standing store w/ drive-thru, enhancing the services in town while providing ease and convenience for its customers.
• Tenant pays for CAM, taxes, insurance and maintains all aspects of the premises
• No landlord responsibilities
• Walgreens is located at the hard corner of N Walnut St and Leesville St averaging 9,000 VPD
• The Cooper is a reference to BMW’s Mini Cooper
• Walgreens small-format pharmacy was inspired in part by Walgreens stores near health care systems that are smaller in size and cater to customers picking up medication after getting discharged from the hospital. The stores have a more open concept and get daily deliveries, so they have less stock in the back
• $52,862 average household income
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,560 SF
Building Class
C
Year Built
2024
Price
£1,369,288
Price Per SF
£535
Net Initial Yield
5.50%
NOI
£75,350
Tenancy
Single
Number of Floors
1
Building FAR
0.06
Lot Size
0.95 AC
Zoning
Commercial
Parking
20 Spaces (7.81 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signage
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 3006-01-037 | Improvements Assessment | £0 |
| Land Assessment | £110,482 | Total Assessment | £110,482 |
PROPERTY TAXES
Parcel Number
3006-01-037
Land Assessment
£110,482
Improvements Assessment
£0
Total Assessment
£110,482
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Walgreens - Fairmont, NC | 103 N Walnut St
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