Roseboro, NC

Price:
NOI: $ 207,216
Lease Term Remaining Before Options: 14 Years
Investment Highlights
**CONTACT BROKER FOR PRICING**
  • Only drugstore in a 11-mile radius serving the entire Roseboro market.
  • There are over 14 years of lease term remaining with 10 (5 year) options to follow.
  • North Carolina Welding, LLC, purchased 17 acres from Sampson County as part of their expansion in Roseboro, adding to the existing 359,000 square feet of industrial space in a 1-mile radius.
  • Centrally located between Fayetteville and the U.S. Interstate 40.
  • Located in the only national grocery store anchored retail center in Roseboro.
Offering Summary

We are pleased to market for sale the Walgreens property located at 218 East Doctor M.L.K. Jr. Boulevard in Roseboro, North Carolina ("The Property"). Walgreens has been successfully operating at this location for 11 years and recently agreed to a new 15 year extension, demonstrating Walgreens commitment to the location. This investment opportunity allows investors to purchase a long term Walgreens on an absolute net lease with no landlord obligations whatsoever.

 

The Property benefits from limited drugstore competing being the only freestanding, national chain drugstore for over 11 miles. Situated in the main trade corridor for Roseboro, the Property is surrounded by 359,000 square feet of industrial and manufacturing space in a 1-mile radius. Earlier this year, North Carolina Welding, LLC, purchased an additional 17.21 acres from Sampson County as part of their expansion in Roseboro with plans for a small business park consisting of office and light industrial space.

 

Located 23 miles East of Fayetteville, the Property is situated with close proximity to North Carolina Highway 24, serving as the main East-West connector from Fayetteville to U.S. interstate 40.

 

In March 2023, Governor Roy Cooper signed legislation to expand Medicaid in North Carolina, extending health care coverage to over 600,000 people. This development serves as a significant catalyst for the Walgreens Pharmacy division, providing new demographics with access to subsidized healthcare. For the second consecutive year, North Carolina has been named America’s top state for business, ranking in the top 3 for domestic GDP. The state added nearly 29,000 new jobs and attracted $19.3 billion in investments.

 

 

 

Listed in conjunction with Brian Brockman, Bang Realty, 513-898-1551, [email protected], NC DRE Lic. 298998.

Price:
NOI: $ 207,216
Lease Term Remaining Before Options: 14 Years