Net-lease investment offering

Walgreens

319 Village Rd NE, Leland, NC, USA

$3,187,500Asking price
8.00%Capitalization rate
Upon requestNet operating income
Upon requestTerm remaining
Offering memorandumComplete investment materials
Request OM
Ryan Eklund
Broker contactsRyan Eklund
Contact Brokers
Walgreens
Corporate-guaranteed

Offering Details

Lease Economics
TenantWalgreens
Lease TypeAvailable upon request
GuarantyCorporate
Landlord ResponsibilitiesAvailable upon request
Initial Lease TermAvailable upon request
Term RemainingAvailable upon request
Rent CommencementAvailable upon request
Lease ExpirationAvailable upon request
Rental IncreasesAvailable upon request
Renewal Options10 X 5-Yr
Real Estate
Building AreaAvailable upon request
Land AreaAvailable upon request
Year Built2004
Ownership InterestAvailable upon request
Property TypePharmacy
MarketLeland, NC
Address319 Village Rd NE, Leland, NC, USA

Investment Overview

Stonecliff is pleased to present the fee simple interest in the Walgreens property, located at 316 Village Rd NE in Leland, North Carolina. As part of a nationally recognized pharmacy chain, Walgreens is known for its broad selection of health, wellness, and daily convenience products. This location is positioned along Village Rd NE, a major east-west retail artery with traffic counts of approximately 29,000 vehicles per day (VPD), providing excellent visibility and convenient access. In addition, the site is located just minutes from US Highway 74, a key regional thoroughfare carrying over 76,000 VPD, enhancing its regional accessibility and drive-by exposure. Surrounded by dense residential neighborhoods and complementary national retailers, this Walgreens serves as a long-standing tenant in a rapidly growing commercial corridor within the Wilmington MSA.

  1. 01
    Experienced & Established Brand | Operates 12,500+ Locations Worldwide • Publicly Traded Parent Company | NASDAQ

    (WBA) • Corporate-backed lease | Walgreens 2024 Annual Revenue of $147.7 Billion (USD)

  2. 02
    Strong Foundational Real Estate | Located on Signalized Intersection in Heart of Trade Area • Easy Connectivity | Close Proximity to US Hwy 74 (76,000 vehicles per day) • Attractive Brick Façade Building
  3. 03
    Convenient Access

    Easy ingress and egress to the site | Located on Village Rd NE (29,000 vehicles per day) • Situated within the Wilmington, NC MSA (Metropolitan Statistical Area) | Population of 467,337 (2024 est.) • 11 minutes from Port of Wilmington, NC (shipping trade value of $12.58 billion) | 17 minutes from the University of North Carolina at Wilmington Campus (17,800 students) • 9 minutes from Wilmington, NC (Population: 122,698 2023 est.) | 65 miles from the Grand Strand Resort Area of Myrtle Beach,SC (18.2 million visitors in 2024)

29,000Vehicles per day
76,000Vehicles per day
17,800Nearby students