19 Sawmill Village Ln Franklin, NC 28734

This exceptional investment opportunity presents a fee-simple ownership of a Walgreens pharmacy and storefront located at 19 Sawmill Village Ln, Franklin, NC 28734. The property, built in 2013, encompasses 11,308 square feet on a 1.51-acre lot. The property boasts a strong 7.25% cap rate, generating a net operating income (NOI) of $346,236. The absolute NNN lease with Walgreens, a corporate-guaranteed tenant, commenced on December 27, 2013, and extends to June 30, 2038, with eleven five-year renewal options. This represents a substantial remaining lease term of approximately 13.6 years. The property enjoys 100% occupancy and benefits from its prime location along Franklin's main retail corridor, a high-traffic area with over 737,000 square feet of retail space and nearly six million shoppers annually. Situated in a dense residential community, this Walgreens is the only one within a 15-mile radius, serving as the primary drug retailer for Franklin residents. The property's strategic location near US Highway 64 ensures excellent visibility and accessibility. Recent development in the area, including a new Aldi-anchored center with Chick-fil-A and Aspen Dental, further enhances the property's value. Other nearby retailers include Walmart, Lowe's, Ingles, and more. This property is also available as part of a larger portfolio sale including four additional Walgreens locations in the Southeast. The property's high traffic volume, exceeding 239,300 visits in the past 12 months, places it in the top 20% of medical and health stores nationwide.