1395 D StNorth Wilkesboro, NC 28659

This exceptional investment opportunity presents a fee-simple ownership of a 14,580-square-foot Walgreens located at 1395 W D St, North Wilkesboro, NC 28659. The property, built in 2005 and situated on a 2.2-acre lot, boasts a 100% occupancy rate with a corporate-guaranteed NNN lease. The current lease, commencing July 31, 2005, and expiring July 31, 2030, offers a remaining term of approximately 5.7 years. The asking price is $4,950,000, representing a price per square foot of $339.51 and a 7.00% cap rate based on a Net Operating Income (NOI) of $346,500. The lease includes 10-year and 5-year renewal options. The property benefits from its location in a strong medical office corridor, across from a major hospital, and within a dense retail corridor featuring national retailers. This Walgreens is the only 24-hour pharmacy in North Wilkesboro, further enhancing its appeal and profitability. The 4.62% assumable debt adds to the investment's attractiveness. The property features a drive-thru pharmacy, contributing to its operational efficiency and customer convenience. This is a rare opportunity to acquire a high-performing, credit-rated tenant property with significant remaining lease term and strong cash flow.