For Sale
$2,029,000

6638 Jordan Rd Ramseur, NC 27316

Prime NC Retail Pharmacy, 5.5% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
126
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).

Property Details for 6638 Jordan Rd

Property type
Retail properties, Drug stores
Square Feet
2,500 SF
Year Built
2024
Buildings
1
Lot Size (sq. ft)
22,216 SF

Location Insight

City
Ramseur
County
Randolph
State
North Carolina
Latitude
35.7372582
Longitude
-79.6557461
6638 Jordan Rd, Ramseur, North Carolina

FAQs

What type of property is this?
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.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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6638 Jordan Rd
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