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    407 Main St Jamestown, NC 27282

    Sponsored
    For Sale
    $3,834,000

    High-Yield Pharmacy Investment in NC

    Property size:
    9,762 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional investment opportunity presents a fee-simple ownership of a Walgreens pharmacy located at 407 W Main St, Jamestown, NC 27282. The property boasts 9,762 square feet on a 1.12-acre lot, featuring 45 parking spaces. Built in 2004, this single-tenant, net-lease property benefits from a strong Walgreens lease with a remaining term of 8.3 years, expiring February 28, 2033. The lease includes attractive 5% rent bumps in 2025 and every five years thereafter, ensuring consistent income growth. The current NOI is $249,237, resulting in a compelling 6.50% cap rate. This Walgreens is strategically positioned as the only pharmacy within a four-mile radius, serving a substantial population of 122,469 residents within a five-mile ring. The property benefits from a high average household income of $107,257 within a one-mile radius, exceeding the North Carolina state average. Its proximity to Courtyard Commons apartments, Shannon Gray Rehab Center, and Guilford Technical Community College further enhances its desirability and long-term stability. The asking price for this exceptional investment is $3,834,000. The property's parcel number is 160270.

    Property Features for 407 Main St

    General Information

    Property type
    Individual retail properties
    Square Feet
    9,762 SF
    Lot Size
    48,787 SF

    Building Details

    Year Built
    2004
    Property Profile Location Intelligence

    Current Use by Public Records

    Walgreens Drug Store Walgreens Photo Passport Photo Processor Walgreens Pharmacy Pharmacy LibertyX Bitcoin ATM Atm Western Union Money Transfer Service

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Jamestown
    County
    Guilford
    State
    North Carolina
    Longitude
    -79.943670561383
    Latitude
    35.992629542452

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    FAQs

    What type of property is this?
    Individual retail property - High-Yield Pharmacy Investment in NC
    Where is this individual retail property located?
    The property is located at 407 Main St Jamestown, NC.
    What is the asking price?
    The asking price for this property is $3,834,000.
    Request Owner's contact information
    407 Main St Jamestown, NC 27282
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    Jamestown, NC 27282
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    407 Main St Jamestown, NC 27282
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