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Walgreens 1485 River Ridge Dr

14,553 SF 100% Leased Retail Building Clemmons, NC 27012 £2,112,319 (£145/SF) 8.75% Net Initial Yield

Investment Highlights

  • Absolute Net Lease: Zero Landlord Responsibilities
  • Strong Income Growth: 10% Rental Escalations During Option Periods
  • Affluent Demographics: Average Household Income of $94,586 within a 1-Mile Radius
  • Corporate-Backed Lease: Guaranteed by Walgreens Co.
  • Prime Property: 14,547 SF Freestanding Building with Drive-Thru on 1.68 Acres
  • Strategic Location: Shadow Anchored by a Food Lion Shopping Center, Near US Route 421 (41,736 VPD)

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,553 SF
Building Class
B
Year Built/Renovated
2002/2011
Price
£2,112,319
Price Per SF
£145
Net Initial Yield
8.75%
NOI
£184,828
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.20
Land Acres
1.68 AC
Zoning
HB-S
Parking
46 Spaces (3.16 Spaces per 1,000 SF Leased)
Frontage
180 ft on River Ridge Dr

Amenities

  • Freeway Visibility
  • Pylon Sign
  • Signage
  • Drive Thru

Links

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1485 River Ridge Dr, Clemmons, NC - aerial map view - Image1
1485 River Ridge Dr, Clemmons, NC - aerial map view - Image2

PROPERTY TAXES

Parcel Number 5884-98-0647 Improvements Assessment £1,256,325
Land Assessment £928,969 Total Assessment £2,185,293

PROPERTY TAXES

Parcel Number
5884-98-0647
Land Assessment
£928,969
Improvements Assessment
£1,256,325
Total Assessment
£2,185,293
(248) 702-0288

  • Listing ID: 33235489

  • Date on Market: 19/09/2024

  • Last Updated:

  • Address: 1485 River Ridge Dr, Clemmons, NC 27012

The Retail Property at 1485 River Ridge Dr, Clemmons, NC 27012 is currently available For Sale. Contact Encore Real Estate Investment Services for more information.

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1485 River Ridge Dr, Clemmons, NC for sale Building Photo- Image 1 of 10
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1485 River Ridge Dr, Clemmons, NC for sale Aerial- Image 8 of 10
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© 2024 CoStar Group

Walgreens | 1485 River Ridge Dr
(248) 702-0288 x

Walgreens | 1485 River Ridge Dr

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Deno Bistolarides

(248) 702-0288

(248) 702-0288

Michael Gaggo

(248) 702-0287

(248) 702-0287

Brandon Hanna

(248) 702-0290

(248) 702-0290

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