This exceptional investment opportunity presents a brand-new, 2,500 square foot Walgreens pharmacy, constructed in 2024, situated on a 0.51-acre lot in Ramseur, North Carolina. The property boasts a highly visible corner location on Jordan Road, experiencing a daily traffic volume of 20,000 vehicles. The absolute NNN lease with Walgreens, a corporate guarantor, ensures minimal landlord responsibilities and provides a secure, long-term investment. The lease, with a remaining term of 9.9 years (expiring September 30, 2034), includes 5% rent bumps at each option period. The property features 15 parking spaces and benefits from a strong customer base, relocating from a nearby existing store. The location enjoys limited competition, with no national brand pharmacies within a 10-mile radius, and is strategically positioned near Randolph Health Hospital (145 beds), Randolph Community College (2,548 students), Eastern Randolph High School (626 students), and a significant new Toyota Battery Plant (projected 5,000+ jobs). Nearby amenities include McDonald's, Burger King, Subway, Domino's, Bojangles, and Dollar General. The property generates a Net Operating Income (NOI) of $111,600, resulting in a compelling 5.50% capitalization rate. This is a rare opportunity to acquire a high-performing, low-maintenance retail investment with a strong tenant and significant growth potential in a rapidly developing area, approximately 35 minutes from downtown Greensboro. The asking price is $2,029,000.
Highlights
High-visibility corner lot at a signalized intersection on Jordan Rd, 20,000 vehicles per day.
Brand new construction (2024) with a fresh 10-year lease.
New Walgreens with drive-thru, relocating from a nearby location with established customer base.
Absolute net lease; zero landlord responsibilities.
Corporate lease with Walgreens Co., operating 8,886 locations nationwide.
Located 15 minutes from Randolph Health Hospital (145 beds).
Retail property - Prime NC Retail Pharmacy, 5.5% Cap Rate
Where is the retail property located?
The property is located at 6638 Jordan Rd Ramseur, NC.
What is the asking price?
The asking price for this property is $2,029,000.
What are key features of this property?
This property features: High-visibility corner lot at a signalized intersection on Jordan Rd, 20,000 vehicles per day.; Brand new construction (2024) with a fresh 10-year lease.; New Walgreens with drive-thru, relocating from a nearby location with established customer base.
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Jordan Rd Ramseur, NC 27316
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