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Walgreens 7143 Knightdale Blvd 14,550 sq ft Retail Property Knightdale, NC 27545 £3,408,316 (£234.25/sq ft) 7% Net Initial Yield
Investment Highlights
- Signalized corner intersection | Knightdale Blvd & N Smithfield Rd
- Outparcel to a Food Lion anchored shopping center | 55,000 SF of retail space
- Explosive population growth within a 3-mile radius | 59.02% from 2010-2025
- Absolute Net Lease | Zero landlord responsibilities
- Long operating history | Leased since 2006
- High traffic counts | Knightdale Blvd (38,500 VPD), I-540 (44,500 VPD), N Smithfield Rd (12,000 VPD), and I-64 (97,500 VPD)
Executive Summary
Ransome Foose and Carl Brendes of Berkeley Capital Advisors are pleased to present for sale Walgreens in Knightdale, NC. We welcome your review of this attractive investment.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment NNN
Sale Condition
Design & Build
Property Type
Retail
Property Subtype
Pharmacy
Property Size
14,550 sq ft
Costar Property Class
B
Year Built
2005
Price
£3,408,316
Price per sq ft
£234.25
Yield
7%
NOI
£238,582
Tenancy
Single
Number of Floors
1
Plot ratio
0.14
Total Plot Size
2.38 ac
Use Class
Commercial
Parking
45 Spaces (3.09 Spaces per 1,000 sq ft Leased)
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 1754.09-16-8189-000 | Improvements Assessment | £2,815,186 |
| Land Assessment | £1,423,590 | Total Assessment | £4,238,776 |
Property Taxes
Parcel Number
1754.09-16-8189-000
Land Assessment
£1,423,590
Improvements Assessment
£2,815,186
Total Assessment
£4,238,776
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Walgreens | 7143 Knightdale Blvd
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