Franklinton, NC
Price:
$ 2,619,100
CAP Rate:
10%
NOI:
$ 261,910
Lease Term Remaining Before Options:
1 Year 3 Months
- Walgreens is guaranteeing approximately $327,375 of income over the remainder of their lease term.
- Walgreens had been reporting strong sales volumes at this location of over $7M annually. The retailer moved to a smaller store format as an outparcel to the adjacent center showing commitment to this retail corridor.
- DRB Homes has recently constructed 350 new homes to meet growing demand.
- Directly on US Highway 1 which is the main thoroughfare connecting Franklinton to Raleigh.
- Franklin County's population grew by 13% in the last 10 years.
- Only 7,000+ square foot owner/user redevelopment opportunity within 35 mile radius.
Price:
$ 2,619,100
CAP Rate:
10%
NOI:
$ 261,910
Lease Term Remaining Before Options:
1 Year 3 Months
