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    Single Tenant Walgreens Net Leased Title is generated by Realmo AI

    1170 E Marion St, Shelby, NC 28150

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    Single tenant Walgreens in high growth Charlotte Metropolitan Statistical Area.

    Type:Retail
    Property size:
    14,673 SF
    Lot size:
    1.52 Acres
    Price / SF:
    $255/SF
    Added:
    Dec 7, 2022
    Days on Market:
    1307
    Last Refresh:
    Jul 4 at 10:11 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

    We can help!

    Contact an agent
    Colby Mitchell
    Colby Mitchell

    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

    HighLights

    • 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.
    • High Growth Area: Property is located in the thriving Charlotte MSA.
    • Strong Location: Situated on a signalized corner with high traffic and strong demographics.
    • Opportunity Zone: Explore potential tax advantages.

    Overview

    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 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

    Suggested Use

    Real Estate Agency Law Firm Big Box & Wholesale Store Restaurant Auto Repair Shop Hair Salon Spa & Massage Center Gym & Fitness Center Department Store Kitchen & Bath Showroom

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

    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

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    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.
    (919) 582-3143 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Colby Mitchell
    Colby Mitchell
    Real Estate License ID: NC 335176
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