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Absolute Net Leased Rite Aid in Archdale, NC



$2,000,000

SOLD

11316 N Main St

Archdale, NC

  • Zero Landlord Responsibilities.
  • Cap. Rate: 12.63% NOI: $252,560
  • 12,320 sq.ft. Building Situated on 2.25 Acres of Land.
  • Prototypical Freestanding Building with Drive-Thru.
  • Low Price Point Drug Store - Base Rent: $20.50 per S/F.
  • Four (4), Five-Year Options with Rental Increases.
  • The City of Archdale is Located within 4 Miles of High Point, NC and 15 Miles Away From Greensboro, NC
  • Piedmont Triad Region.
  • Excellent Points of Ingress and Egress from Both Directions.
  • North Main Street & Trindale Road boasts Combined Traffic Counts of 32,000 VPD +/-. Within 2 Miles From Interstate I-85.
  • Neighboring National Tenants Include: Walmart Supercenter, Wells Fargo, First Citizens Bank, BP, NAPA Auto Parts, Advance Auto Parts, BB&T, Dollar General, Dollar Tree, McDonalds, Arby’s, Burger King, and more.
  • Lease has been Assigned to Walgreens Corporate Entity - Walgreens CO. (S&P "BBB").

Documents

 
No Documents for this Property


  • Sale Comps $2M - $2.5M
  • Rental Comps $21,000 - $22,000
  • Property Type Commercial
  • Location Archdale, NC
  • Size 12320 sq. ft.
  • Bedrooms 0
  • Bathrooms 0
  • TAV 1.4M
  • Annual Taxes $16,075
  • Year Built 1999

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