1170 Marion St Shelby, NC 28150

This exceptional investment opportunity presents a 14,673-square-foot, single-tenant Walgreens located at 1170 E Marion St, Shelby, NC, within the Charlotte MSA. The property sits on approximately 1.52 acres and benefits from a prominent, signalized corner location with high traffic counts and favorable demographics. The absolute NNN lease structure eliminates landlord responsibilities, providing a passive income stream. The tenant, Walgreens, boasts a BBB Standard & Poor's credit rating, ensuring investment-grade security. The lease features a significant remaining term of 4.2 years, extending to January 30, 2029, with six 5-year renewal options, each including a rare 10% rent escalation. The property is zoned for General Business use and offers a compelling cap rate of 6.90% at an asking price of $3,750,000 ($255/sq ft). This location is situated within an Opportunity Zone, potentially offering additional tax advantages for qualified investors. The property's strong tenant, long lease term, and attractive financial metrics make it an ideal addition to any diversified real estate portfolio. This is a rare opportunity to acquire a high-quality, single-tenant net-leased property in a rapidly growing market.