407 Main StJamestown, NC 27282

This exceptional investment opportunity presents a fee-simple ownership of a Walgreens pharmacy located at 407 W Main St, Jamestown, NC 27282. The property boasts 9,762 square feet on a 1.12-acre lot, featuring 45 parking spaces. Built in 2004, this single-tenant, net-lease property benefits from a strong Walgreens lease with a remaining term of 8.3 years, expiring February 28, 2033. The lease includes attractive 5% rent bumps in 2025 and every five years thereafter, ensuring consistent income growth. The current NOI is $249,237, resulting in a compelling 6.50% cap rate. This Walgreens is strategically positioned as the only pharmacy within a four-mile radius, serving a substantial population of 122,469 residents within a five-mile ring. The property benefits from a high average household income of $107,257 within a one-mile radius, exceeding the North Carolina state average. Its proximity to Courtyard Commons apartments, Shannon Gray Rehab Center, and Guilford Technical Community College further enhances its desirability and long-term stability. The asking price for this exceptional investment is $3,834,000. The property's parcel number is 160270.