840 Nc-24Albemarle, NC 28001

Property Details for 840 Nc-24

Year built

2008

Property size (Sq ft)

14,634 SF

Property type

Retail properties

Property subtype

Drug stores

Description

This exceptional investment opportunity presents a fee-simple interest in a 14,634-square-foot Walgreens located at 840 NC-24, Albemarle, North Carolina, 28001. Built in 2008, this single-tenant, freestanding building sits on a 2.763-acre lot and enjoys a true hard corner location with excellent multi-directional visibility. The property benefits from a long-term, absolute NNN lease with Walgreens, eliminating landlord responsibilities and offering a passive investment. The current lease has 9 years remaining, providing significant lease stability. The property boasts a strong financial profile, including a $4,212,500 asking price, $337,000 net operating income (NOI), and an 8.00% cap rate. The price per square foot is $287.86. The property's strategic location along North Carolina Highway 24 and its position within the attractive Charlotte MSA further enhance its investment appeal. With 100% occupancy and a proven operating history, this Walgreens represents a compelling opportunity for discerning investors seeking a stable, high-yield retail asset. The property is situated in a primary retail corridor of Albemarle, ensuring consistent customer traffic and strong sales performance. This is a fee simple ownership.

Location Insight

City

Albemarle

County

Stanly

State

North Carolina

Latitude

35.3484

Longitude

-80.1656

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

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.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].