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    OFF-MARKET
    Banks

    6638 Jordan Rd, Ramseur, NC 27316

    3,069 SF 0.51 ac lot Built 1975
    Entity Owned Free & Clear
    Property ID
    US53-1075481
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a brand-new, 2,500 square foot Walgreens pharmacy, constructed in 2024, situated on a 0.51-acre lot in Ramseur, North Carolina. The property boasts a highly visible corner location on Jordan Road, experiencing a daily traffic volume of 20,000 vehicles. The absolute NNN lease with Walgreens, a corporate guarantor, ensures minimal landlord responsibilities and provides a secure, long-term investment. The lease, with a remaining term of 9.9 years (expiring September 30, 2034), includes 5% rent bumps at each option period. The property features 15 parking spaces and benefits from a strong customer base, relocating from a nearby existing store. The location enjoys limited competition, with no national brand pharmacies within a 10-mile radius, and is strategically positioned near Randolph Health Hospital (145 beds), Randolph Community College (2,548 students), Eastern Randolph High School (626 students), and a significant new Toyota Battery Plant (projected 5,000+ jobs). Nearby amenities include McDonald's, Burger King, Subway, Domino's, Bojangles, and Dollar General. The property generates a Net Operating Income (NOI) of $111,600, resulting in a compelling 5.50% capitalization rate. This is a rare opportunity to acquire a high-performing, low-maintenance retail investment with a strong tenant and significant growth potential in a rapidly developing area, approximately 35 minutes from downtown Greensboro. The asking price is $2,029,000.

    Property profile
    Verified
    Property type Banks
    Use group FINANCIAL BUILDING
    Year built 1975
    Construction WOOD
    Total area 3,069 SF
    Lot 0.51 ac (22,216 SF)
    Zoning code B
    APN 8702533822
    UPID US53-1075481
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Elam Group LLC
    Elam Group LLC
    since 2025
    Last sale
    $325,000
    5 recorded transactions
    2025
    $1.8M
    2025
    2023
    $325,000
    2023
    2019
    $110,000
    Zoning & alternative use
    B · Ramseur, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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