Contacts

Jacob Abusharkh

The Kase Group

Property Details

Property Type Retail - Freestanding
Property Size 10,513 SF
Lot Size 1.3 Acre
Additional Rent Contact for pricing
Property Tenancy Single Tenant
Year Built 2009
Date Updated Dec 10, 2024

Durham is a city in the U.S. state of North Carolina and the county seat of Durham County. Small portions of the city limits extend into Orange County and Wake County. With a population of 283,506 in the 2020 census, Durham is the 4th-most populous city in North Carolina, and the 71st-most populous city in the United States. The city is located in the east-central part of the Piedmont region along the Eno River. Durham is the core of the four-county Durham-Chapel Hill, NC Metropolitan Statistical Area, which had a population of 649,903 at the 2020 census. The Office of Management and Budget also includes Durham as a part of the Raleigh-Durham-Cary, NC Combined Statistical Area, commonly known as the Research Triangle, which had a population of 2,043,867 in 2020.This is the opportunity to purchase an absolute NNN leased Walgreens in Durham, NC. The property is situated on 1.3 acres and consists of a 10,513 square-foot building. The lease calls for zero landlord obligations and is corporately guaranteed by Walgreens. Beyond the initial term, tenant has fifty (50) years of options with 12 month cancellation rights. The property is well located with strong surrounding demographics. There are over 120,000 people living within a 5-mile radius of the property. The property is located on a major commercial thoroughfare and neighboring retailers include Dollar Tree, Food Lion, Ollie's Bargain Outlet, Starbucks and many others.

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Highlights

Absolute NNN Lease
Zero Landlord Obligations
Corporate Guarantee - NASDAQ:WBA
Hard Corner Location with Excellent Ingress & Egress Points
Strong Surrounding Demographics

Getting around

60/100
Walk Score ®
34/100
Transit Score ®
50/100
Bike Score ®

Powered by Walk Score ®

City Durham, NC
Neighborhood Croasdaile Farm
Zip Code 27705
Market Raleigh Durham

Points of Interest

Durham

4.28 miles

Cross Creek Auto

0.26 miles
Kangaroo

1.27 miles
Shell

1.39 miles
Citgo

1.48 miles
Kangaroo Express

1.52 miles
Harris Teeter Fuel

1.61 miles
BP

1.64 miles
Sheetz

1.65 miles
Exxon

1.81 miles
EVgo

9.47 miles

Saint Lukes Episcopal Church

2.07 miles
Branson Hall Parking

3.32 miles
Bivins Parking Lot

3.33 miles
Biddle Music Parking Lot

3.36 miles
Pegram Parking Lot

3.43 miles
Graduate Center Lot

3.45 miles
Brown Parking Lot

3.45 miles
H Lot

3.47 miles
Randolph Parking Lot

3.48 miles

Subway

0.04 miles
New Dragon Inn

0.10 miles
Gocciolina

1.22 miles
Taco Bell

1.40 miles
Taqueria Los Amigos

1.44 miles
Bojangles'

1.47 miles
McDonald's

1.48 miles
Captain D's

1.52 miles
Dogwood Bar And Grill

1.56 miles
Little Caesars

1.57 miles

Harris Teeter

0.06 miles
Willowdale Shopping Center

0.15 miles
Food Lion

0.16 miles
Cross Creek Shopping Center

0.19 miles
Roses

1.47 miles
Loehmann's Plaza

1.74 miles
Ross

2.20 miles
Burlington

2.35 miles
Northgate Shopping Mall

2.80 miles
Brightleaf Square

4.05 miles

In-Depth Research Available for this Property

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