Walgreens | NNN Investment | High Cap Rate

Investment Overview

The Walgreens at 2795 Lewisville Clemmons Road in Clemmons, North Carolina presents an exceptional opportunity to acquire a high-yield, single-tenant net-leased investment at a rare 10.97% cap rate. The property is fully leased to Walgreen Co. with a corporate guarantee and features fee-simple ownership with NNN structure, providing predictable, passive cash flow with minimal landlord responsibilities. Constructed in 2005, the ±14,628 SF freestanding building sits on a 1.62-acre parcel with excellent frontage and visibility along Highway 158, serving approximately 18,000 vehicles per day. The site benefits from strong surrounding retail including Walmart, Chick-fil-A, CVS, and Westwood Shopping Center, making it a dominant retail node within the market. Priced at $3,600,000, the asset delivers approximately $395,000 in annual NOI, making it one of the most attractive Walgreens offerings nationally on a yield basis. With ten (10) five-year renewal options, the lease offers long-term income security backed by a national credit tenant.

Investment Highlights

• Rare 10.97% Cap Rate on National Credit Tenant – One of the highest-yield Walgreens investments currently available nationwide
• Corporate-Guaranteed Walgreens Lease – Investment is secured by Walgreen Co., one of the strongest retail pharmacy operators
• Fee Simple Absolute NNN Structure – Passive ownership with minimal landlord responsibilities and predictable cash flow
• Prime Retail Corridor with Strong Traffic – Located on Highway 158 with ±18,000 VPD, surrounded by dominant national retailers
• Long-Term Upside with 10 Five-Year Renewal Options – Offering extended income durability and future exit flexibility