Leland, NC

• New developments within 2 miles include Evolve at Waterford, Exchange at Westgate, Brunswick Forest and Inspire at Brunswick Forest totaling 1,178 units.
• 1 million square feet of retail space in the immediate 1-mile radius anchored by Aldi, Harris Teeter and Walmart Supercenter.
• Located on a signalized corner with frontage on Ocean Highway E (56,000 VPD) and with direct access to Andrew Jackson Highway NE (71,000 VPD).
• Leland’s population increased 70% from 2010 to 2020 and is currently growing at a rate of 8.25% annually.
• Positioned less than 2 miles from Novant Health Brunswick Forest Medical Plaza which services the Greater Leland market.
• With a 2.5% corporate tax rate, North Carolina is continually ranked as one of the best business climates in the United States. CNBC named the state as America’s top state for business.

We are pleased to market for sale the Walgreens property located at 1019 Grandiflora Drive in Leland, North Carolina ("The Property"). Walgreens has been successfully operating at this location for 16 years and has more than 9 years of firm term remaining before the option periods on an absolute net lease with no landlord obligations whatsoever. 

Situated in the Wilmington MSA, the Property benefits by being in one of the fastest growing markets in North Carolina. Leland’s population has surged by 41% since the most recent Census in 2020 and is experiencing rapid new development. In 2023 alone, 464 new multi-housing units were constructed within 2 miles of the property, with an additional 714 units slated for completion in 2024. 

Over the last 5 years, 180,000 square feet of retail space has been added within a 1-mile radius of the Property, totaling over 1,000,000 existing square feet of retail. This is the primary retail hub west of Wilmington for over 44 miles until Whiteville. The Property is strategically located off Andrew Jackson Highway NE, with over 71,000 vehicles per day, serving as the main east/west connector between Wilmington and Charlotte. 

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.