Single-Tenant NNN
For Sale
Contact for pricing
1812 Holloway St, Durham, NC 27703
Absolute net lease with Walgreens, including scheduled rental increases through the initial term and options.
Property SizeContact for details
Days on Market121
Property Features for 1812 Holloway St
General Information
Standard status
Active
Property subtype
Retail
Site & Location
Traffic Count
80,000 vehicles/day
Highway Access
Yes
Listing Agency:
Pharma Property Group
(619) 297-0055
Listed By:
Jason Pongsrikul · License #CA 01918332
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 21 at 10:49PM
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 Pharma Property Group
Investment Insights
Based on property information with market context.
A Walgreens drug store offered on an absolute net lease, with rental income guaranteed by Walgreens Corporation. The lease includes 5% rental increases every five years across the initial term and each option, with the next scheduled increase on April 24, 2026. There are eight and a half years remaining on the lease, with four (5-year) options, and no landlord responsibilities.
The property is located three blocks west of US Route 70 near the Holloway Street exit, where US 70 is described as carrying approximately 180,000 vehicles per day. The corridor is described as spanning over 480 miles across North Carolina and passing through major cities including Raleigh and Durham.
Durham is described as having an approximate population of 283,506 residents, within the Raleigh-Durham-Cary MSA, and the area is characterized in the remarks as anchored by Raleigh, Durham, and Chapel Hill, including major universities and healthcare employers.
The property is located three blocks west of US Route 70 near the Holloway Street exit, where US 70 is described as carrying approximately 180,000 vehicles per day. The corridor is described as spanning over 480 miles across North Carolina and passing through major cities including Raleigh and Durham.
Durham is described as having an approximate population of 283,506 residents, within the Raleigh-Durham-Cary MSA, and the area is characterized in the remarks as anchored by Raleigh, Durham, and Chapel Hill, including major universities and healthcare employers.
Key Highlights
- Walgreens in Durham, North Carolina with rental income guaranteed by Walgreens Corporation
- Absolute net lease with 8.5 years remaining and four (5‑year) options
- Lease provides 5% rental increases every five years in the initial term and each option; next increase scheduled for April 24, 2026
Property Analytics
Current Use
Lease Details
80,000 VPD
Traffic count
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
463
Businesses Nearby
82k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 48%
Shops & Services 44%
Apparel 5%
Home Improvements & Furnishings 2%
McDonald's
Dining
24,978 visits/mo
0.1 miles
Shell
Shops & Services
9,767 visits/mo
0.1 miles
Little Caesars Pizza
Dining
8,578 visits/mo
0.1 miles
Family Dollar
Shops & Services
7,230 visits/mo
0.2 miles
Maxway
Shops & Services
5,959 visits/mo
0.2 miles
Demographics for 27703, NC
61,539
Population
27,122
Households
2.3
Avg Household Size
36
Median Age
45%
College-Educated
88%
High-School Grad
49.1 sq mi
ZIP Area
1,253
Density / Sq Mi
$86,953
Median Household Income
$51,462
Median Earnings
$1,469
Median Rent
$340,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
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- Prashanth Deshpande, RPH — 3725 Holloway Street, Durham, NC 27703, Durham, NC 27704
Frequently Asked Questions
What type of property is this?
Drug store - Absolute net lease with Walgreens, including scheduled rental increases through the initial term and options.
Where is this drug store located?
The property is located at 1812 Holloway St Durham, NC.
What are key features of this property?
This property features: Walgreens in Durham, North Carolina with rental income guaranteed by Walgreens Corporation; Absolute net lease with 8.5 years remaining and four (5‑year) options; Lease provides 5% rental increases every five years in the initial term and each option; next increase scheduled for April 24, 2026
