Rite Aid (Walgreens)

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Joseph Werner

Senior Advisor

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PROPERTY ADDRESS

601 EAST KING STREET, KINGS MOUNTAIN, NC 28086

PROPERTY INFORMATION

Price:
$1,700,000
Cap Rate:
8.0%
Term Remaining:
5+ years Years
Year Built:
1998
Status:
Available

INVESTMENT SUMMARY

Charlotte MSA | King’s Mountain is 30 Miles West of Charlotte, NC
Adjacent to a Food Lion Shopping Center
Surrounding Retailers Include Advance Auto Parts, Dollar Tree, AutoZone, Subway, BB&T, NAPA, KFC and McDonald’s
Easy Access to I-85 & U.S. Highway 74
Walgreens Recently Purchased This Location And Assumed The Existing Lease
10 Mile Population Exceeds 129,000
4.07% Projected Population Growth by 2023
5 Mile Median Home Value Exceeds $127,000
10 Mile Average Household Income Exceeds $52,000