Durham, NC

• Walgreens is reporting above average annual sales.
• Less than 1.5 miles from Research Triangle Park (7,000 Ac.) with over 375 companies including Alexandria, Bayer, Cisco and IBM. There are more than 60,000 employees with combined annual salaries of ±$2.7 Billion.
• Major developments within 3 miles include a $2 Billion mixed-use project (1 Million SF) with office, life-sciences, multi-family residential, hotel at HUB RTP and the conversion of Southpoint Mall to multi-family residential, office space, hotel and retail space.
• Affluent and dense demographic region with population of ±127,000 people with an average household income of ±$108,000 in a 5-mile radius.
• Over 685,000 SF of retail space in the immediate 1-mile radius with national tenants such as Starbucks, Food Lion, Big Lots, Dollar Tree, McDonald's and Chick-fil-A.
• Located on the corner of East NC Highway 54 and NC Highway 55 (combined 53,500 VPD) with direct access to Interstate 40 (131,000 VPD).

We are pleased to market for sale the Walgreens property located at 2104 East NC Highway 54 in Durham, North Carolina ("The Property"). Walgreens has been successfully operating at this location for 15 years and has over 10.5 years of firm term remaining before the option periods on an absolute net lease with no landlord obligations whatsoever.

Strategically situated in the renowned Research Triangle, which holds the largest cluster of technology companies in the United States, called Research Triangle Park. The area boasts over 375 companies, employing 60,000+ individuals and generates a combined annual salary exceeding $2.7 Billion. Already poised as a major catalyst for life-sciences and technology advancements, Research Triangle Park HUB is undergoing a $2 Billion mix-used development to expand facilities to accommodate major employers such as Apple, Microsoft, Amazon, Advance Auto Parts and Facebook (Meta) having announced they are either relocating their headquarters or opening satellite offices in the Research Triangle area.

This Property offers investors the opportunity to purchase a high-performing, corporate guaranteed, Walgreens in a densely populated and affluent trade area. More than 127,000 people live within a 5-mile radius of the Property, with an average household income of over $108,000.

The Property is strategically located at the visible intersection of East NC Highway 54 and NC Highway 55 (combined 53,500 VPD) with direct access to Interstate 40 (131,000 VPD), the primary east/west connector between Raleigh and Greensboro.