103 Walnut St, Fairmont, NC 28340-1951

This exceptional investment opportunity presents a brand-new, 2,560 square foot Walgreens pharmacy located at 103 N Walnut St, Fairmont, NC 28340. The property boasts a 9.5-year remaining lease term (expiring 05/31/2034) with 11 five-year renewal options, providing exceptional long-term stability. This is a fee simple ownership (land and building) with an absolute NNN lease structure, meaning the tenant (Walgreens) is responsible for all property expenses including taxes, insurance, and maintenance. The property features a convenient drive-thru, situated on a 0.95-acre lot at a hard corner with high visibility and excellent access, averaging 9,000 vehicles per day. The surrounding area includes strong retailers such as Food Lion, Dollar Tree, and Advance Auto Parts. Built in 2024, this is a relocation store for Walgreens, demonstrating their commitment to the Fairmont market. The property generates a strong net operating income (NOI) of $96,300, representing a 5.50% cap rate and a price per square foot of $683.59. The 5-mile trade area supports over 7,000 residents and 1,500 employees, with an average household income of $52,862. This is a truly passive, management-free investment opportunity with a credit-rated, corporate-guaranteed tenant. The property is 100% occupied.