Freestanding Absolute NNN
1700 W Ehringhaus St Elizabeth City, NC 27909
For Sale
$4,194,000
Absolute NNN freestanding Walgreens on a signalized corner with corporate-guaranteed lease and approximately six years remaining.
Days on Market15
Property Features for 1700 W Ehringhaus St
General Information
- Standard status
- Active
- Property subtype
- Retail
Building Details
- Year Built
- 2007
Properties For Sale
at 1700 W Ehringhaus St Contact us
Listing Agency:
SRS Real Estate Partners Chicago
(312) 437-8598
Listed By:
Sean Lutz · License #475132482
(312) 437-8598
Source:
Srsre
Added: Jul 10
Changed: Jul 23
Last Checked: Jul 24 at 4:36AM
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 SRS Real Estate Partners Chicago
Investment Insights
Based on property information with market context.
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land and building) in a freestanding, corporate guaranteed Walgreens investment property structured as an absolute NNN. The leased Walgreens is located at 1700 W Ehringhaus St in Elizabeth City, North Carolina.
The tenant, Walgreen Co., has approximately six years remaining on its lease, with 10 (five-year) options to extend. The lease is described as absolute NNN with zero landlord responsibilities. The property is positioned for visibility at a signalized corner intersection with 34K+ VPD, and is noted as a top-performing brand location.
The remarks also reference strong national co-tenancy and proximity to the Coast Guard Base Elizabeth City. In August 2025, Sycamore Partners completed its acquisition of Walgreens, and Walgreens continues to operate under its long-term strategy of expanding healthcare services and strengthening its pharmacy and convenience positioning.
The tenant, Walgreen Co., has approximately six years remaining on its lease, with 10 (five-year) options to extend. The lease is described as absolute NNN with zero landlord responsibilities. The property is positioned for visibility at a signalized corner intersection with 34K+ VPD, and is noted as a top-performing brand location.
The remarks also reference strong national co-tenancy and proximity to the Coast Guard Base Elizabeth City. In August 2025, Sycamore Partners completed its acquisition of Walgreens, and Walgreens continues to operate under its long-term strategy of expanding healthcare services and strengthening its pharmacy and convenience positioning.
Key Highlights
- 2007‑built freestanding Walgreens investment offered in fee simple (land & building ownership).
- Tenant: Walgreen Co. with approximately 6 years remaining on the lease plus 10 (5‑year) extension options.
- Absolute NNN lease with zero landlord responsibilities.
Property Analytics
Location Intelligence
Current Use by Public Records
Walgreens Photo
(Bike/Boat/Book/etc) Store
Walgreens Pharmacy
Pharmacy
Kacey S. Perry, ...
Pharmacy
Cheryl O. Baker, ...
Pharmacy
Matthew F. Thornbrough, ...
Pharmacy
Similar Off Market Nearby
- Walgreens Pharmacy — 1700 W Ehringhaus St, Elizabeth City, NC 27909
- Kacey S. Perry, PharmD — 1700 W Ehringhaus St, Elizabeth City, NC 27909
- Cheryl O. Baker, PharmD — 1700 W Ehringhaus St, Elizabeth City, NC 27909
- Food Lion Pharmacy — 683 N Hughes Blvd, Elizabeth City, NC 27909
- Nick Microblading ( Eyebrows ) — 918 Halstead Blvd, Elizabeth City, NC 27909
FAQs
What type of property is this?
Drug store - Absolute NNN freestanding Walgreens on a signalized corner with corporate-guaranteed lease and approximately six years remaining.
Where is this drug store located?
The property is located at 1700 W Ehringhaus St Elizabeth City, NC.
What is the asking price?
The asking price for this property is $4,194,000.
What are key features of this property?
This property features: 2007‑built freestanding Walgreens investment offered in fee simple (land & building ownership).; Tenant: Walgreen Co. with approximately 6 years remaining on the lease plus 10 (5‑year) extension options.; Absolute NNN lease with zero landlord responsibilities.
