Property Details

Walgreens

Garner, NC
Property ID: 3898

    Financial Summary

    Asking Price $5,072,727
    Cap Rate 5.50%
    Net Operating Income (NOI) $279,000
    Lease Type NNN
    Lease Term Remaining 15.5 Years
    The Offering Memorandum for this property is no longer available.

    Contact

    Andrew Fallon
    Executive Managing Director
    703.787.4733
    Rick Fernandez
    Senior Managing Director
    703.787.4732

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    Highlights

    • 15.5 years remaining
    • Investment grade tenant NASDAQ: WBA (S&P: BBB)
    • Absolute NNN lease - no landlord responsibilities
    • Located at the signalized hard corner intersection of Aversboro Road & Timber Drive with combined traffic count of 28,200 VPD
    • Directly across from CVS and Timber Landing shopping center
    • Within a 3-mile radius of the site, there is approximately 2.5M SF of retail, 2.7M SF of industrial space, and 2,388 multi-family units
    • Approximately 8 miles south of Downtown Raleigh-Durham MSA (Population of more than 2 million)

    Net Lease Advisor

    For more information on this tenant, including averages, overview and credit ratings, visit NetLeaseAdvisor.com.

    Location

    825 Timber Dr
    Garner, NC

    Traci BidingerWalgreens