Walgreens NNN Property For Sale — Franklin, NC
Along US Highway 23, Franklin, NC
This Walgreens property presents a compelling investment opportunity in Franklin, North Carolina. Strategically located at a signalized intersection on US Highway 23, with immediate access to US Highway 64, the property benefits from high traffic counts and a prime retail corridor. Walgreens has demonstrated a strong commitment to this location, successfully operating since 2013 and extending its lease through June 2038, offering over 13 years of remaining term. The lease is absolute triple net, providing investors with no landlord responsibilities. The 11,308-square-foot building is surrounded by national retailers, enhancing its desirability. Franklin, known as the 'Gem Capital of the World,' is a growing community offering a blend of rural charm and accessibility, attracting retirees a…
- Address: Along US Highway 23, Franklin, NC
- Asking price $3.96M
- 8.75% cap rate
- NOI $346,236
- 11.8 years remaining
- NNN lease
- Year built: 2013
- Building size: 11,308 SF
- Lot size: 1.51 acres
- Lease expiration: Jun 30, 2038
- Rent increases: Flat
- Guarantor: Corporate
Location
This Walgreens property is at Along US Highway 23 in Franklin, North Carolina.
Asset type: Retail