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