Single-Tenant Walgreens
For Sale
Contact for pricing
Pending
735 Cabarrus Ave W, Concord, NC 28027
Leased Walgreens property on an absolute NNN lease with a new 15-year term and scheduled 5% increases.
Property Size15,474 SF
Days on Market148
Property Features for 735 Cabarrus Ave W
General Information
Standard status
Pending
Size
15,474 SF
Property subtype
Retail
Occupancy
100%
Additional Details
Traffic Count
19,000 vehicles/day
Building Details
Tenancy
Single
Listing Agency:
The Kase Group
Listed By:
Jeff Bracco · License #CA 01336201
(510) 388-4438
Source:
Crexi
Added: Apr 11
Changed: Aug 22
Last Checked: Sep 2 at 12:06AM
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 Kase Group
Investment Insights
Based on property information with market context.
The subject property is a 15,474-square-foot, single-tenant building leased to Walgreens (WBA) on an absolute NNN basis. The tenant has a new 15-year lease with 5% increases every five years.
Located in Concord, North Carolina, the property benefits from heavy traffic along Cabarrus Ave West and Warren C Coleman Blvd East, with reported volumes of over 19,000 VPD. The area is home to major retailers including Big Lots, McDonald’s, Food Lion, and Walmart Supercenter.
As a Walgreens single-tenant NNN asset, the property is positioned for investors seeking an income-producing retail drug store location under an absolute net structure.
Located in Concord, North Carolina, the property benefits from heavy traffic along Cabarrus Ave West and Warren C Coleman Blvd East, with reported volumes of over 19,000 VPD. The area is home to major retailers including Big Lots, McDonald’s, Food Lion, and Walmart Supercenter.
As a Walgreens single-tenant NNN asset, the property is positioned for investors seeking an income-producing retail drug store location under an absolute net structure.
Key Highlights
- 15,474 SF building leased to Walgreens (WBA) on an absolute NNN lease
- New 15‑year lease term in place with 5% increases every 5 years
- Located in Concord, NC near Cabarrus Ave West and Warren C Coleman Blvd East
Property Analytics
Property Profile
Current Use
Lease Details
19,000 VPD
Traffic count
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
263
Businesses Nearby
151k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 59%
Superstores 18%
Groceries 17%
Shops & Services 5%
McDonald's
Dining
29,102 visits/mo
0.1 miles
Big Lots
Superstores
27,321 visits/mo
0.4 miles
Food Lion Grocery Store
Groceries
26,177 visits/mo
0.2 miles
Cook Out
Dining
24,048 visits/mo
0.3 miles
Burger King
Dining
13,968 visits/mo
0.3 miles
Demographics for 28027, NC
76,478
Population
31,450
Households
2.4
Avg Household Size
36
Median Age
43%
College-Educated
92%
High-School Grad
69.0 sq mi
ZIP Area
1,108
Density / Sq Mi
$89,101
Median Household Income
$48,976
Median Earnings
$1,433
Median Rent
$341,900
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Cbd Life — Concord, NC 28027
- Brandon M. Krug, PharmD — 931 Concord Pkwy S, Concord, NC 28027
- Devan Conley — 760 Cabarrus Ave W, Concord, NC 280276851
- Elena Stambone — 760 Cabarrus Ave W, Concord, NC 280276851
- COVID-19 Drive-Thru Testing at Walgreens — 735 Cabarrus Ave W, Concord, NC 28027
Frequently Asked Questions
What type of property is this?
Drug store - Leased Walgreens property on an absolute NNN lease with a new 15-year term and scheduled 5% increases.
Where is this drug store located?
The property is located at 735 Cabarrus Ave W Concord, NC.
What are key features of this property?
This property features: 15,474 SF building leased to Walgreens (WBA) on an absolute NNN lease; New 15‑year lease term in place with 5% increases every 5 years; Located in Concord, NC near Cabarrus Ave West and Warren C Coleman Blvd East
