Laurinburg, NC

• Recently constructed in 2014, Walgreens still has ±15 years of firm lease term remaining before the option periods.
• Only national brand drugstore in a 15-mile radius.
• Located less than 2 miles away, Scotland Memorial Hospital consists of 104 beds and serves as the area's largest private employer, with over 1,000 full-time and part-time employees.
• 1.7 million square feet of retail space in a 1-mile radius anchored by Walmart Supercenter, Lowe’s Home Improvement, Tractor Supply Co, Harbor Freight Tools and Big Lots.
• SO-PAK-CO, Inc., a food processor and packager, invested $85 million to build a state-of-the-art processing and packaging facility creating 440 new jobs coupled with Tesla installing a new Supercharger Station.
• Located on US Highway 401 S (15,500 VPD) and directly off the ingress/egress of US Highway 74 (22,000 VPD).

We are pleased to market for sale the Walgreens property located at 821 Westwood Way in Laurinburg, North Carolina ("The Property"). Walgreens has been successfully operating at this location for over 10 years and has ±15 years of firm term remaining before the option periods on an absolute net lease with no landlord obligations whatsoever.

The Property offers investors the rare opportunity to purchase a ±15-year corporate guaranteed Walgreens store in North Carolina at a high-yield. The Property benefits from limited drugstore competition with no other Walgreens or CVS stores for a 15-mile radius and is the primary pharmacy for the entire Laurinburg market. Scotland Memorial Hospital, located 1.8 miles South, consists of 104 beds and over 1,000 employees, and serves as the only 24-hour hospital for over 20 miles.

The Property is strategically located with frontage on US Highway 401 S (15,500 VPD) and directly off the ingress/egress of US Highway 74 (22,000 VPD) which is the main east/west connector between Wilmington to Charlotte. Situated in a major retail trade area with 1.7 million square feet of retail space in a 1-mile radius anchored by major tenants Walmart Supercenter, Lowe’s Home Improvement, Tractor Supply Co and Harbor Freight Tools, the Property has a substantial amount of surrounding retailers to draw in customers.