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Walgreens 2416 Randleman Rd
2,502 SF Retail Building Greensboro, NC 27406 £1,656,111 (£662/SF) 6% Net Initial Yield
Investment Highlights
- Nearby Universities and Colleges
- Densely Populated Area in High Growth Greensboro
- Attractive Lease Fundamentals
Executive Summary
- 161K people live in a 5-mile radius
- Greensboro is the third largest city in North Carolina
- 2% population growth rate in the city of Greensboro, NC
ATTRACTIVE LEASE FUNDAMENTALS
- 5% Rental Increases in each renewal option
- Abs. NNN Lease, Zero Landlord Responsibilities
- Corporate Lease - Walgreens Co
LOCATED IN PRIME RETAIL NODE
- Over 900K SF of retail space in a one mile radius
- Over 4.3M SF of industrial space in a one mile radius
- Over 1150 Units of multifamily in a one mile radius with over 650 Hotel rooms in a one mile radius
NEW CONSTRUCTION
- Newly constructed, build-to-suit, small format Walgreens pharmacy with a drive through
NEARBY UNIVERSITIES AND COLLEGES
- 5 Minutes from University of North Carolina Greensboro
- 7 Minutes from Greensboro College
- 8 Minutes to NCA&T
- Over 36k total students and 5,000 total employees from all three universities
EASILY ACCESSIBLE
- Fronting Randleman Road with over 21,500 VPD
- Left turn lane headed north on Randleman Road and easy right off Randleman headed south
- Located just off of I-40 which has a VPD of over 136,000
Property Facts
Amenities
- Air Conditioning
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
-
- Retailer
- -
- £39.76
- Triple Net
- Feb 2034
Walgreens is a trusted and convenient local health destination that millions of Americans rely on every day. Their founder, Charles R. Walgreen Sr., was known for finding new ways to connect with customers on a personal level and treating each person like a guest in his own home. For over a century, they have expanded that personal connection through their network of neighborhood pharmacies and their innovative health services and products. The foundation for all of this is their trusted pharmacy expertise, and their team members who provide essential care that helps people achieve better health outcomes at an affordable cost.
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
|
|
Retailer | - | £39.76 | Triple Net | Feb 2034 |
-
David Hoppe -
Sam Young -
Ben Olmstead -
Atlantic Capital Partners
Presented by
Walgreens | 2416 Randleman Rd
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