Walgreens NNN Property For Sale — Robbinsville, NC
Rodney Orr Bypass, Robbinsville, NC
This single-tenant Walgreens property, located in Robbinsville, North Carolina, presents a compelling investment opportunity. Walgreens has demonstrated strong commitment to this location, operating successfully since 2013 and extending its absolute triple net lease through June 2038, securing over 13 years of remaining term. The property boasts a strategic position along Rodney Orr Bypass, the primary thoroughfare in Robbinsville, benefiting from high traffic counts of over 10,000 vehicles per day. The surrounding area features prominent retailers, generating consistent customer flow. Furthermore, its proximity to the "Tail of the Dragon" tourist destination, which attracts 300,000 visitors annually, enhances its appeal. The property also benefits from its walkable distance to Robbinsvil…
- Address: Rodney Orr Bypass, Robbinsville, NC
- Asking price $3.29M
- 8.75% cap rate
- NOI $287,520
- 11.8 years remaining
- NNN lease
- Year built: 2013
- Building size: 9,665 SF
- Lot size: 1.21 acres
- Lease expiration: Jun 30, 2038
- Rent increases: Flat
- Guarantor: Corporate
Location
This Walgreens property is at Rodney Orr Bypass in Robbinsville, North Carolina.
Asset type: Retail Pharmacy