Walgreens NNN Property For Sale — Lenoir, NC
440 Blowing Rock Boulevard, Lenoir, NC 28645
This Walgreens property offers excellent visibility and access on Blowing Rock Boulevard (Highway 321) in Lenoir, North Carolina, with a daily traffic count of 27,500 vehicles. The asset is strategically located near the intersection of Highway 321 and U.S. Route 64, benefiting from proximity to major retailers such as Walmart, Dollar General, Belk, and Tractor Supply Co., as well as several hotels. Lenoir, the county seat of Caldwell County, is part of the Hickory-Lenoir-Morganton MSA and is experiencing economic growth, including a $600 million Google data center campus nearby. This fee simple triple net lease offers no landlord responsibilities, making it an attractive investment opportunity.
- Address: 440 Blowing Rock Boulevard, Lenoir, NC 28645
- Asking price $3.48M
- 7.25% cap rate
- NOI $252,010
- 13 years remaining
- NNN lease
- Year built: 2010
- Building size: 14,820 SF
- Lot size: 1.56 acres
- Guarantor: Corporate
Location
This Walgreens property is at 440 Blowing Rock Boulevard in Lenoir, North Carolina.
Asset type: Retail