1170 E Marion Street

Investment Highlights

• Investment Grade Credit - BBB Standard & Poor Credit Rating
• Guaranteed by one of the nation's top drugstore chains
• Location was updated in 2018 to new Walgreens format
• High Growth Area - The Charlotte MSA ranks among the top MSA’s in US for growth
• Rare 10% rent escalation in option terms
• Great Real Estate Fundamentals - Signalized corner on high traffic roads (E Marion St: 13,000 AADT & Cherryville Rd: 11,000 AADT)
• Walgreens vacated property March 2024
• Located in Opportunity Zone
• Low price per square foot rental rate and purchase price
• Strong Location - Subject is located in a commercial trade area adjoining established residential areas
• Bordered by 3 streets with 3 ingress/egress points.
• Strong Demographics - Properties feature Average Incomes well above State Averages ($82,097, AHHI, 1 mile radius)