1170 E Marion St Shelby, NC 28150
Single tenant Walgreens in high growth Charlotte Metropolitan Statistical Area.
Type:Retail
Property size:
14,673 SFLot size:
1.52 Acres- Added:
- Dec 7, 2022
- Days on Market:
- 1229
- Last Refresh:
- Mar 17 at 1:15 pm
Property Features for 1170 E Marion St
General Information
- Standard status
- Active
- Size
- 14,673 SF
- Lot size
- 1.52 Acres
- Property subtype
- Retail
Listing agent Colby Mitchell License #NC 335176
Listing office APG Advisors
Listing date Dec 7, 2022
Source Crexi
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 APG Advisors
Overview
Single Tenant Walgreens Net Leased
Located at 1170 E Marion Street in Shelby, NC, this property features a 14,673 square foot building on approximately 1.52 acres. It is situated in the thriving Charlotte Metropolitan Statistical Area (MSA), which ranks among the top MSAs in the US for growth. The property is net leased to Walgreens, guaranteed by one of the nation's top drugstore chains with an investment grade credit rating of BBB Standard & Poor. The location is a signalized corner with high traffic roads and strong demographics. The lease is absolute NNN, meaning no landlord responsibilities. The lease includes a 10% rent escalation in rent in option terms. The property is located in an Opportunity Zone, offering potential tax advantages.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Walgreens Photo
(Bike/Boat/Book/etc) Store
Chrissie D. Hoyle, ...
Pharmacy
Robert D. Hall, ...
Pharmacy
higi
Physician
FedEx OnSite
Postal Service
Similar Places Nearby
- Lafayette Street Pharmacy — 620 S Lafayette St, Shelby, NC 28150
- Evelyn Philbeck, RPH — 330 W Dixon Blvd, Shelby, NC 28152, United States
- Brittney Cobb, PharmD — 330 W Dixon Blvd, Shelby, NC 28152
- Genoa Healthcare — 201 W Marion St, Shelby, NC 28150
- Flaw & Curves — 109 N Lafayette St, Shelby, NC 28150
Location Insight
- Map
- Local Demand
- City
- Shelby
- County
- Cleveland
- State
- North Carolina
- Longitude
- -81.512679
- Latitude
- 35.294897
Nearby Similar for Sale
FAQs
What type of property is this?
Drug store - Single tenant Walgreens in high growth Charlotte Metropolitan Statistical Area.
Where is this drug store located?
The property is located at 1170 E Marion St Shelby, NC.
What is the asking price?
The asking price for this property is $3,750,000.
What are key features of this property?
This property features: Investment Grade Credit: BBB Standard & Poor's credit rating, guaranteed by Walgreens.; Absolute NNN Lease: Enjoy a completely hands‑off investment with no landlord responsibilities.; Rare 10% Rent Escalation: Benefit from rent increases in option terms.
