Features
Investment Highlights
- Investment Grade Credit - BBB Standard & Poor Credit Rating
- Guaranteed by one of the nation's top drugstore chains
- Location was updated in 2018 to new Walgreens format
- High Growth Area - The Charlotte MSA ranks among the top MSA’s in US for growth
- Walgreens vacated property March 2024
- Rare 10% rent escalation in option terms
- Strong Location - Subject is located in a commercial trade area adjoining established residential areas
- Located in Opportunity Zone
- Low price per square foot rental rate and purchase price
- Great Real Estate Fundamentals - Signalized Corner with high traffic roads (E Marion St 13,000 AADT and Cherryville Rd: 11,000 AADT)
- Bordered by 3 streets with 3 ingress/egress points.
- Strong Demographics - Properties feature Average Incomes well above State Averages ($82,097, AHHI, 1 mile radius)
