101 Main St Havelock, NC 28532-2223
Property profile & analytics
101 Main St Havelock, NC 28532-2223
- Auto shops
- 11,000 SF
- 2.88 lot acres
Property ID
US53-3745756
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Walgreens Photo / (Bike/Boat/Book/etc) Store
- John E. Demoret, PharmD / Pharmacy
- Coinhub Bitcoin ATM Teller / Atm
- higi / Physician
- Walgreens Pharmacy / Pharmacy
Property Details for 101 Main St
- Year built
- 1989
- Lot size
- 2.88 lot acres
- Property size
- 11,000 SF
- Property type
- Auto shops
- APN
- 6-061 -041
- APU
- 6061041
Description
This exceptional investment opportunity presents a freestanding Walgreens pharmacy located at 101 W Main St, Havelock, NC 28532. The property boasts a substantial 13,813 square feet on a 1.76-acre lot, built in 2004. Currently operating under a triple-net (NNN) lease with Walgreens Boots Alliance, Inc., the largest retail pharmacy in the US and Europe, this property offers a secure and stable income stream. The lease commenced on May 13, 2008, and has a remaining term of 4.5 years, with eight 5-year renewal options. The current annual rent is $16.89 per square foot, replaceable and below the chainwide average, increasing the likelihood of lease renewal. The property enjoys 100% occupancy, generating a strong net operating income (NOI) of $233,288, resulting in a 7.50% cap rate. The asking price is $3,110,500, translating to $204.72 per square foot. This prime retail location on Route 70 sees over 30,000 vehicles daily and benefits from its proximity to Marine Corps Air Station Cherry Point, supporting a large population base. The property's strong fundamentals, including multiple points of access and attractive curb appeal, further enhance its investment value. The tenant, Walgreens, is considered an essential retailer, demonstrating resilience against economic downturns and pandemics. The property is situated in a dense retail corridor with other national tenants such as McDonald's and Starbucks. This is a rare opportunity to acquire a high-performing, low-risk investment property with significant long-term potential.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Havelock
- County
- Craven
- State
- North Carolina
- Longitude
- -76.9082
- Latitude
- 34.8821
- CBSA code
- 35100
- CBSA name
- NEW BERN, NC MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$10,163
$429,210
$474,300
$903,510
-
$429,210
$474,300
$903,510
