Walgreens – Rite Aid

  • Walgreens - Rite Aid
  • 3,492,000
  • Waynesville, NC
  • 6.35% Cap Rate

The subject property is a NNN investment with zero landlord obligations located in Waynesville, NC with nine (9+) years remain on the initial lease term, and four (4) x 5 year options. This Waynesville, NC location was included in the buyout by Walgreens, officially transferring this store from Rite Aid to Walgreens ownership. This location is currently a Rite Aid with Rite Aid products and services, while offering a credit rated corporate guarantee of Walgreens Boots Alliance (WBA) as an reliable investment opportunity.

With convenient access off US Highway 74, this Rite Aid is situated in a dominant retail corridor with traffic counts of over 23,000 vehicles per day. It is surrounded by several national and regional retailers including: Ingles SuperMarket, BI-LO, Wells Fargo, Big Lots, Burkes Outlet, McDonald’s, Chick-fil-A, Waffle House, Pizza Hut, KFC, Burger King, Wendy’s, Papa John’s, Little Caesars, Zaxby’s, Verizon Wireless, AutoZone, Staples, Dollar General, and Shell gas station.

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