121 Railroad AveRutherfordton, NC 28139

This exceptional investment opportunity presents a freestanding Walgreens pharmacy located at 121 Railroad Ave, Rutherfordton, NC 28139. The property boasts 11,200 square feet on a 1.6-acre lot, featuring 66 parking spaces and excellent visibility on a hard-corner, signalized intersection with over 23,000 vehicles passing daily. Built in 2000 and renovated in 2019, including a new roof, the building is in excellent condition. The property benefits from a strong NNN lease structure with Walgreens, a tenant holding an investment-grade credit rating of "BBB" with S&P. The lease commenced September 1, 2000, and expires September 30, 2030, with a remaining term of 5.9 years. The current annual rent is $11.72 per square foot, significantly below the chainwide average, increasing the likelihood of renewal. The lease includes rent bumps and three (5-year) options. The asking price is $1,750,000, representing a 7.50% cap rate and a price per square foot of $156.25, based on a Net Operating Income (NOI) of $131,250. The property offers a compelling combination of strong tenant, favorable lease terms, and significant upside potential. The seller will credit the difference at the closing of escrow to reflect the rent effective October 1, 2025.