Freestanding Walgreens in Havelock,
101 W Main St Havelock, NC
101 W Main St, Havelock, NC, 00000
Contact for pricing
For Sale
Contact for pricing
Single tenant Walgreens with absolute NNN lease and zero responsibilities.
Property Size13,813 SF
Lot Size1.76 Acres
Price / SF$225.19
Days on Market660
Property Features for 101 W Main St
General Information
- Standard status
- Active
- Size
- 13,813 SF
- Lot size
- 1.76 Acres
- Property subtype
- RETAIL
Listing agency
Legacy Real Estate Advisors
(248) 450-3259
Listed by
Dominic Shamany · License ##6501439800
(248) 450-3259
Source
Moodyscre
Added: Sep 30, 2024 Updated: Jul 6 at 9:25AM Checked: Jul 21 at 6:58AM
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 Legacy Real Estate Advisors
Investment Insights
Based on property information with market context.
The property is a single-tenant, freestanding Walgreens located in Havelock, North Carolina. It features an absolute NNN lease with 5 years remaining and zero landlord responsibilities. The surrounding area has a population of over 1,200 residents within a 1-mile radius and over 4,900 residents within a 3-mile radius. The location benefits from high traffic counts, with over 30,000 vehicles passing the site daily on West Main Street. There are over 10,300 daytime employees within a 3-mile radius. The property is positioned within a dense retail corridor, surrounded by several national tenants. The building size is 13,813 square feet. As an essential retailer, the tenant is considered internet, pandemic, and recession-resistant.
Key Highlights
- Absolute NNN lease with zero landlord responsibilities.
- Single tenant freestanding Walgreens.
- Essential, internet, pandemic, and recession resistant tenant.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $416.0k | $30.12 |
| − Vacancy | −$26.2k | −$1.89 |
| EGI | $389.9k | $28.23 |
| − OpEx | −$117.0k | −$8.47 |
| NOI | $272.9k | $19.76 |
13,813 SF · lease $30.12/SF/yr · vacancy 6.29% · expense 30.00%
Alternative Uses
Best Use
Retail
$3.90M
$3.41M – $4.55M
NOI $272,915 @ 7.0% cap · market cap 8.77%
Second Best
Specialty Retail
$2.55M
$2.23M – $2.98M
NOI $178,644 @ 7.0% cap · market cap 5.74%
Theoretical Best
Office A
$4.55M
$3.98M – $5.31M
NOI $318,787 @ 7.0% cap · market cap 10.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Walgreens Photo
(Bike/Boat/Book/etc) Store
John E. Demoret, ...
Pharmacy
Coinhub Bitcoin ATM ...
Atm
higi
Physician
Walgreens Pharmacy
Pharmacy
Similar For Sale Nearby
Similar Off Market Nearby
- John E. Demoret, PharmD — 101 W Main St, Havelock, NC 28532, United States
- Walgreens Pharmacy — 101 W Main St, Havelock, NC 28532
- Subodha Lingayat — 101 W Main St, Havelock, NC 285322655
FAQs
What type of property is this?
Drug store - Single tenant Walgreens with absolute NNN lease and zero responsibilities.
Where is this drug store located?
The property is located at 101 W Main St Havelock, NC.
What is the asking price?
The asking price for this property is $3,110,506.
What are key features of this property?
This property features: Absolute NNN lease with zero landlord responsibilities.; Single tenant freestanding Walgreens.; Essential, internet, pandemic, and recession resistant tenant.
