219 Rodney Orr Byp, Robbinsville, NC 28771-8420
This exceptional investment opportunity presents a fee-simple ownership of a Walgreens pharmacy located at 219 Rodney Orr Bypass, Robbinsville, NC 28771. The 9,665 square foot building, constructed in 2013 and situated on a 1.21-acre lot, is currently operating under an absolute NNN lease with a corporate guarantee from Walgreens, the nation's largest drugstore chain. The lease commenced on December 27, 2013, and has a remaining term of approximately 13.6 years, extending to June 30, 2038, with eleven five-year renewal options. The property boasts a strong 7.25% cap rate and a net operating income (NOI) of $287,520. This location serves as the primary drugstore for the surrounding area, benefiting from high traffic volume exceeding 168,900 visits in the past year, significantly outperforming nearby competitors. Its prime location within Robbinsville's shopping district, across from a grocery-anchored center and a high-traffic home improvement store (with over 102,800 visits annually), ensures consistent customer flow. The property's strategic positioning along a major retail corridor, with high visibility and excellent connectivity, further enhances its investment appeal. This property is also available as part of a larger portfolio sale. The 100% occupancy and long-term lease provide a secure and stable investment with significant upside potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.