Rite Aid (Walgreens) - Durham, NC

3798 Guess Rd Durham , NC 27705-6909

Rite Aid (Walgreens) - Durham, NC - retail for sale

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Overview



Stand-alone Rite Aid property featuring a Walgreens-operated pharmacy for sale at the busy intersection of Guess and Horton Roads. The store is currently branded as a Rite Aid, although managed by Walgreens and will eventually be rebranded as Walgreens.

Investment highlights


  • Assigned to Walgreens corporate with an absolute NNN lease structure with 7.8 years remaining
  • Includes five 5-year option periods with rental increases
  • Nationally recognized tenant with strong brand loyalty 
General
Property type Retail
Tenure type Sale/Purchase
Property address 3798 Guess Rd, Durham, NC 27705-6909
Market Raleigh-Durham
Land in acres 1.25
Building size 11,200  ft2
Year built 2000
Financial
Price $4,500,000
Cap rate 6.76%
Current NOI $304,204.00
Lease
Tenant's name RITE AID Corporation
Guarantor Walgreens Company
Lease type NNN
Lease expiration date 01/24/2026
Remaining term 6.4Yrs

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