JUST LISTED – Absolute Net Leased Drug Store w/ Drive-Thru | 8.11% CAP | 8+ Years Remaining | Ahoskie, NC

Agent Info

Michael Gaggo

248.702.0287
mgaggo@encorereis.com

Deno Bistolarides

248.702.0288
denob@encorereis.com

Brandon Hanna

248.702.0290
bhanna@encorereis.com

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Offering Information

1013 E Memorial Dr.
Ahoskie, NC

  • Price: $2,950,000
  • Cap. Rate: 8.11%
  • NOI: $239,271
  • Building Size: 10,908SF
  • Lot Size: 1.12 AC

Investment Highlights

  • Absolute Net Lease | Zero Landlord Obligations
  • Excellent Points of Ingress and Egress
  • Prototypical Freestanding Building with Drive-Thru
  • Four (4), Five-Year Options with Rental Increases
  • Outparcel to Just Save Market, a North Carolina based Company (19 Loca-tions)
  • Within Close Proximity to Roanoke-Chowan Hospital, which is part of the University Health Systems of Eastern Carolina
  • Average Household Income Within 3-Mile Radius Exceeds $42,108
  • E Memorial Drive and Catherine Creek Road Boasts Combined Traffic Counts of 24,658 VPD+/-
  • Neighboring National Retailers Include: Belk, Tractor Supply, Ace hard-ware, Dunkin Donuts, Advance Auto Parts, Dollar Tree, McDonald’s, Taco Bell, Subway, Walgreens, and more