Entity Owned Property summary
This exceptional investment opportunity presents a 14,430 square foot Walgreens, situated on a 1.7+ acre lot in Greensboro, North Carolina. The property boasts a 15-year absolute NNN lease with Walgreens, a corporate guarantor, commencing February 21, 2024, and expiring February 27, 2039. The lease includes attractive 5% rent bumps every five years, and twelve five-year extension options. The property generates a substantial net operating income (NOI) of $291,000, resulting in a compelling… 6.00% cap rate. Located in a high-traffic area with excellent visibility on three roads (Lawndale Dr, Martinsville Rd, and Pisgah Church Rd), this property benefits from a densely populated area with a high average household income of approximately $107,000 within a three-mile radius. The strong retail node features over 1.2 million square feet of retail space within a one-mile radius, exhibiting a low 1.8% vacancy rate and proximity to major retailers such as Walmart, Target, Trader Joe's, Aldi, and a top-performing Lowe's. The property's strategic location near three universities (UNC Greensboro, Greensboro College, and NCA&T) further enhances its appeal, with a combined student and employee population exceeding 41,000. The oversized parcel offers significant future redevelopment potential. The property was built in 2004 and is classified as Class A. This is a fee simple ownership opportunity with zero landlord responsibilities. The asking price is $4,850,000.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Sep 2026No data for this sectionNo value estimate could be modeled: the record carries too little market input for this parcel.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 6 properties nearbyComparable nearby
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 14,430 SF
- Lot area
- 1.71 ac
- Year built
- 2004
- Stories
- 1
- APN
- 55942
- Zoning
- C-M
- Assessed value · 2023
- $3,304,200
- Annual tax · 2023
- $46,358
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Registration is required before the official district profile is shown.
Official district profile
The C-M, Commercial Medium district is primarily intended to accommodate a wide range of retail, service,officeand multi family residential uses in amixed useenvironment. The district is typically located along thoroughf…
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
Cancel anytime.
- 30 reports a month
- Ownership
- Owner Contacts
- Location Analytics
- Everything in the Light report
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
Cancel anytime.
- 300 reports a month
- Ownership
- Owner Contacts
- Location Analytics
- Everything in the Light report
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
and get 1 Light Report
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
The PDF can’t be displayed here
Use Download PDF or Open in new tab above to view the sample report.
