Absolute NNN Retail
For Sale
Contact for pricing
Pending
1690 U.S Highway 1 South, Southern Pines, NC 28387
Walgreens operates the pharmacy under a corporate lease with renewal options and scheduled rental increases.
Property SizeContact for details
Days on Market143
Property Features for 1690 U.S Highway 1 South
General Information
Standard status
Pending
Property subtype
Retail
Listing Agency:
CBRE - Detroit
Listed By:
Peter Furest · License #NY 10401232530
Source:
Crexi
Added: Apr 10
Changed: Aug 29
Last Checked: Aug 29 at 4:23PM
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 CBRE - Detroit
Investment Insights
Based on property information with market context.
This retail asset is occupied by a Walgreens-operated pharmacy within a building that retains Rite Aid exterior branding. The lease is structured as absolute NNN, with the tenancy assigned to Walgreens corporate. The current term has 4.4 years remaining, followed by four 5-year renewal options that include rental increases.
The property is positioned at the signalized intersection of U.S. Highway 1 and Pinehurst Avenue in Southern Pines, North Carolina. The two roadways carry a combined traffic volume of more than 26,000 vehicles per day. Walgreens currently manages the store, providing an established retail pharmacy use within the property.
The property is positioned at the signalized intersection of U.S. Highway 1 and Pinehurst Avenue in Southern Pines, North Carolina. The two roadways carry a combined traffic volume of more than 26,000 vehicles per day. Walgreens currently manages the store, providing an established retail pharmacy use within the property.
Key Highlights
- Absolute NNN lease assigned to Walgreens corporate
- 4.4 years of current lease term remaining
- Four 5‑year renewal options with rental increases
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,002
Businesses Nearby
647k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 38%
Shops & Services 21%
Apparel 17%
Groceries 13%
Chick-fil-A
Dining
52,821 visits/mo
0.4 miles
T.J. Maxx
Apparel
46,079 visits/mo
0.4 miles
Harris Teeter
Groceries
38,393 visits/mo
0.2 miles
Sheetz
Shops & Services
30,556 visits/mo
0.2 miles
Ross Dress for Less
Apparel
27,442 visits/mo
0.4 miles
Demographics for 28387, NC
16,413
Population
8,731
Households
1.9
Avg Household Size
45
Median Age
53%
College-Educated
93%
High-School Grad
29.5 sq mi
ZIP Area
556
Density / Sq Mi
$73,587
Median Household Income
$51,681
Median Earnings
$1,137
Median Rent
$366,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Walgreens operates the pharmacy under a corporate lease with renewal options and scheduled rental increases.
Where is this nnn property located?
The property is located at 1690 U.S Highway 1 South Southern Pines, NC.
What are key features of this property?
This property features: Absolute NNN lease assigned to Walgreens corporate; 4.4 years of current lease term remaining; Four 5‑year renewal options with rental increases
