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Walgreens Net Lease Opportunity
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717 N Broad St, Edenton, NC 27932

Net leased Walgreens with 12 years remaining in Edenton, NC.

Property Size14,821 SF
Price / SF$310.51
Days on Market1053

Property Features for 717 N Broad St

General Information

Standard status Active
Size 14,821 SF
Property subtype Retail
Zoning CH

Building Details

Year Built 2010
Listing Agency: The Lennox/Massell Companies LA
Listed By: T. Griffin Lennox · License #LA 0995697308
Source: Crexi
Added: Sep 21, 2023 Changed: Aug 8 Last Checked: Aug 8 at 11:46AM

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 The Lennox/Massell Companies LA

Investment Insights

Based on property information with market context.

The property is a fee simple interest in a net leased Walgreens located in Edenton, NC. The lease has 12 years remaining on its primary term, with options to renew through August 2085. The property is situated at the signalized intersection of North Broad Street and Virginia Street, which has the highest traffic counts in the city. ECU Health Chowan Hospital is located blocks away. Other retailers in the area include CVS, Taco Bell, McDonald's, Dairy Queen, Sherwin-Williams, and Food Lion. The property size is 14821 square feet.

Key Highlights

  • Absolute net Walgreens with 12 years remaining on the primary lease term.
  • Option to renew the lease through August 2085.
  • Strategically located at a signalized intersection with the highest traffic counts in the city.

Property Analytics

Current Use

Walgreens Pharmacy Pharmacy Walgreens Photo (Bike/Boat/Book/etc) Store Walgreens Cosmetic Store Jenny Bright, PharmD Pharmacy Western Union Bank

Suggested Use

Top Pick Real Estate Agency HVAC Service Kitchen & Bath Showroom Building Supply Dental Office Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

569
Businesses Nearby
119k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 44% Dining 32% Groceries 20% Electronics 3%
Food Lion Grocery Store Groceries
23,712 visits/mo 0.4 miles
McDonald's Dining
20,433 visits/mo 0.4 miles
Roses Discount Store Shops & Services
13,097 visits/mo 0.4 miles
Shell Shops & Services
10,324 visits/mo 0.2 miles
Burger King Dining
8,712 visits/mo 0.3 miles

Demographics for 27932, NC

11,930
Population
6,550
Households
1.8
Avg Household Size
49
Median Age
25%
College-Educated
87%
High-School Grad
130.4 sq mi
ZIP Area
91
Density / Sq Mi
$54,962
Median Household Income
$31,782
Median Earnings
$790
Median Rent
$206,700
Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
Rey
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Similar Off Market Nearby

  • Walgreens Pharmacy 717 N Broad St, Edenton, NC 27932
  • Jenny Bright, PharmD 717 N Broad St, Edenton, NC 27932
  • Jennifer B. Williams, PharmD 323 S Broad St, Edenton, NC 27932
  • Marvin N. Spear, PharmD 323 S Broad St, Edenton, NC 27932
  • Nature's Pearl Healthcare Products 415 Elliott St, Edenton, NC 27932

Frequently Asked Questions

What type of property is this?
Drug store - Net leased Walgreens with 12 years remaining in Edenton, NC.
Where is this drug store located?
The property is located at 717 N Broad St Edenton, NC.
What is the asking price?
The asking price for this property is $4,602,000.
What are key features of this property?
This property features: Absolute net Walgreens with **12 years remaining** on the primary lease term.; Option to renew the lease through August 2085.; Strategically located at a **signalized intersection with the highest traffic counts** in the city.
More about this property
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