Freestanding Pharmacy
For Sale
Contact for pricing
601 East King Street, Kings Mountain, NC 28086
Freestanding Rite Aid pharmacy property operated by a long-term tenant with recent lease extension terms.
Property Size11,300 SF
Days on Market121
Property Features for 601 East King Street
General Information
Standard status
Active
Size
11,300 SF
Property subtype
Retail
Additional Details
Highway Access
Yes
Listing Agency:
Fortis Net Lease
(248) 254-3406
Listed By:
Robert Bender · License #MI 6501323470
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 23 at 12:24PM
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 Fortis Net Lease
Investment Insights
Based on property information with market context.
Freestanding Rite Aid pharmacy building comprising approximately 11,300 square feet, currently operated by the tenant since 1999. Public remarks note the pharmacy began as a 20-year lease and that a five-year lease extension has been signed, with the extension expiring in October 2024. The lease includes four additional five-year options with ten percent rent bumps at each option.
The property is located in Kings Mountain, NC, approximately 30 miles west of Charlotte, situated between I-85 and U.S. Highway 74. The site is across from a Food Lion shopping center, with surrounding retailers including Advance Auto Parts, Dollar Tree, AutoZone, Subway, BB&T, NAPA, Hardees, KFC, and McDonald's.
For sale under a net lease structure per the marketing remarks, this asset offers a freestanding retail pharmacy configuration in an established retail corridor.
The property is located in Kings Mountain, NC, approximately 30 miles west of Charlotte, situated between I-85 and U.S. Highway 74. The site is across from a Food Lion shopping center, with surrounding retailers including Advance Auto Parts, Dollar Tree, AutoZone, Subway, BB&T, NAPA, Hardees, KFC, and McDonald's.
For sale under a net lease structure per the marketing remarks, this asset offers a freestanding retail pharmacy configuration in an established retail corridor.
Key Highlights
- Freestanding 11,300 SF Rite Aid pharmacy net lease property in Kings Mountain, NC
- Tenant operating since 1999 under a 20‑year lease; recently signed a five‑year lease extension
- Lease extension expires October 2024 and includes four additional five‑year options with 10% rent bumps at each option
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
557
Businesses Nearby
145k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 45%
Shops & Services 38%
Groceries 13%
Electronics 2%
Bojangles' Famous Chicken 'n Biscuits
Dining
20,113 visits/mo
0.5 miles
Food Lion Grocery Store
Groceries
18,306 visits/mo
0.4 miles
Circle K
Shops & Services
17,158 visits/mo
0.5 miles
Dollar Tree
Shops & Services
12,568 visits/mo
0.3 miles
Hardee's
Dining
11,333 visits/mo
0.3 miles
Demographics for 28086, NC
27,641
Population
11,307
Households
2.4
Avg Household Size
42
Median Age
18%
College-Educated
83%
High-School Grad
90.5 sq mi
ZIP Area
305
Density / Sq Mi
$56,079
Median Household Income
$37,758
Median Earnings
$879
Median Rent
$181,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- Walgreens Pharmacy — 601 E King St, Kings Mountain, NC 28086
- Mark Pellegrini, PharmD — 601 E King St, Kings Mountain, NC 28086
- Rite Aid Pharmacy — 601 east, kings dr, kings mountain, nc 28086
- Harold A. Bolick, RPH — 129 W Mountain St, Kings Mountain, NC 28086
- Tamunosa Abbey — 601 E King St, Kings Mountain, NC 280863113
Frequently Asked Questions
What type of property is this?
Drug store - Freestanding Rite Aid pharmacy property operated by a long-term tenant with recent lease extension terms.
Where is this drug store located?
The property is located at 601 East King Street Kings Mountain, NC.
What are key features of this property?
This property features: Freestanding 11,300 SF Rite Aid pharmacy net lease property in Kings Mountain, NC; Tenant operating since 1999 under a 20‑year lease; recently signed a five‑year lease extension; Lease extension expires October 2024 and includes four additional five‑year options with 10% rent bumps at each option
