Rite Aid – Archdale, NC (Piedmont Triad Region)

Agent Info

Brandon Hanna

248.702.0290
bhanna@encorereis.com

Deno Bistolarides

248.702.0288
denob@encorereis.com

Michael Gaggo

248.702.0287
mgaggo@encorereis.com

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Offering Information

11316 North Main Street
Archdale, NC 27263

  • Price: $2,252,560
  • Cap. Rate: 11.20%
  • NOI: $252,560
  • Building Size: 12,320SF
  • Lot Size: 2.25 AC

Investment Highlights

  • Absolute Net Lease | Zero Landlord Responsibilities
  • 12,320sqft Building Situated on 2.25 Acres of Land
  • Prototypical Freestanding Building with Drive-Thru
  • Low Price Point Drug Store - Base Rent: $20.50 per S/F
  • Four (4), Five-Year Options with Rental Increases
  • The City of Archdale is Located within 4 Miles of High Point, NC and 15 Miles Away From Greensboro, NC | Piedmont Triad Region
  • Excellent Points of Ingress and Egress from Both Directions
  • North Main Street & Trindale Road boasts Combined Traffic Counts of 32,100 VPD +/- | Within 2 Miles From Interstate I-85
  • Site is Located 4 Miles from High Point Regional Hospital (351 Beds)
  • Neighboring National Tenants Include: Walmart Supercenter, Wells Fargo, First Citizens Bank, BP, NAPA Auto Parts, Advance Auto Parts, BB&T, Dollar General, Dollar Tree, McDonalds, Arby’s, Burger King, and more