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Former Walgreens Retail Space Available

110 West Garrison Boulevard, Gastonia, NC 28052

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For Sale

$2,000,000

Freestanding retail building with drive-thru in high-traffic location.

Type:SCR

Property size:

11,200 SF

Lot size:

1.22 Acres

Price / SF:

$178/SF

HighLights

High‑visibility location at a signalized intersection.
Drive‑thru window.
Ample parking on a 1.22‑acre lot.
Located in a high‑density residential area (55,000 residents within 3 miles).
Easy access to I‑85 in the Charlotte MSA.
Versatile space suitable for retail, medical, or service businesses.

We can help!

Contact an agent

Jake Meinzer

For Sale

$2,000,000

Freestanding retail building with drive-thru in high-traffic location.

Type:SCR

Property size:

11,200 SF

Lot size:

1.22 Acres

Price / SF:

$178/SF

Added:: Mar 6, 2025
Days on Market:: 488
Last Refresh:: Jun 28 at 11:15 pm

Property Features for 110 West Garrison Boulevard

General Information

Standard status: Active
Size: 11,200 SF
Lot size: 1.22 Acres
Property subtype: SCR

Building Details

Year Built: 1998

We can help!

Contact an agent

Jake Meinzer

Listing office KW Commercial-Ballantyne

Listing date Mar 6, 2025

Source Realnex

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of KW Commercial-Ballantyne

HighLights

High‑visibility location at a signalized intersection.
Drive‑thru window.
Ample parking on a 1.22‑acre lot.
Located in a high‑density residential area (55,000 residents within 3 miles).
Easy access to I‑85 in the Charlotte MSA.
Versatile space suitable for retail, medical, or service businesses.

Overview

This +/-11,200 square foot freestanding building, formerly a Walgreens, is situated on a 1.22-acre lot. The property features a drive-thru window and ample parking. It is located at the signalized intersection of W. Garrison Blvd and S. Marietta St, across from a shopping center anchored by Food Lion. The surrounding area has approximately 55,000 residents within a 3-mile radius. Located minutes from I-85 in the Charlotte MSA, this retail space is suitable for retailers, medical practices, or service businesses seeking a location with high traffic in a growing community.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$235.2k	$21.00
− Vacancy	−$15.3k	−$1.37
EGI	$219.9k	$19.64
− OpEx	−$55.0k	−$4.91
NOI	$164.9k	$14.73

11,200 SF · lease $21.00/SF/yr · vacancy 6.50% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$2.36M

$2.06M – $2.75M (±1% cap)

NOI $164,934 @ 7.0% cap · market cap 8.25%

Second Best

Retail

$1.96M

$1.72M – $2.29M (±1% cap)

NOI $137,498 @ 7.0% cap · market cap 6.87%

Theoretical Best

Office A

$3.53M

$3.08M – $4.11M (±1% cap)

NOI $246,758 @ 7.0% cap · market cap 12.34%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

higi Physician COVID-19 Drive-thru Testing ... Medical Laboratory Western Union Bank Janette Hibbert, BSC Pharmacy Ranlo Fire Dept., ... Pharmacy

Suggested Use

Similar Places Nearby

Angela E. Stalllings, PHARM — 1902 W Franklin Blvd, Gastonia, NC 28052
Kimberly Jones, PharmD — 1902 W Franklin Blvd, Gastonia, NC 28052
Sarrah A. Gessler, PharmD — 1902 W Franklin Blvd, Gastonia, NC 28052
COVID-19 Drive-Thru Testing at Walgreens — 1902 W Franklin Blvd, Gastonia, NC 28052
Walgreens Pharmacy — 1902 W Franklin Blvd, Gastonia, NC 28052

Location Insight

Map
Local Demand

City: Gastonia
County: Gaston
State: North Carolina
Longitude: -81.1825556
Latitude: 35.2543512

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