6638 Jordan Rd, Ramseur, NC 27316
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.
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
B · Ramseur, NCRamseur. Always verify with local authorities before improvements.
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.