| Purchase Price | $3,870,000 |
|---|---|
| Annual Rental Income | $310,000 |
| Cap Rate | 8.01% |
| Lease Term | 13 Years |
| City | Fayetteville |
"*" indicates required fields
Walgreens – Fayetteville, NC
This Walgreens Pharmacy in Fayetteville, North Carolina represents a high-quality, single-tenant, absolute triple-net (NNN) leased investment opportunity backed by Walgreens Boots Alliance, a Fortune 500 company and one of the most trusted names in U.S. retail healthcare. Situated in a prominent retail corridor in a major Southeastern city, this asset offers long-term income security with zero landlord responsibilities, supported by a strong corporate tenant and a strategic location in a growing, military-driven market.
Fayetteville is a major regional hub in southeastern North Carolina, home to Fort Liberty (formerly Fort Bragg)—the largest military installation in the United States by population. The economic stability provided by this massive federal presence, combined with ongoing regional development, makes Fayetteville a compelling market for essential-service tenants like Walgreens.
Tenant Overview – Walgreens Boots Alliance
Walgreens is a division of Walgreens Boots Alliance (NASDAQ: WBA), one of the largest and most recognizable retail pharmacy brands in the country. Operating over 8,000 locations across the United States, Walgreens provides prescription fulfillment, vaccinations, wellness products, over-the-counter medications, and a growing range of primary care and telehealth services.
In recent years, the company has further integrated healthcare offerings by partnering with VillageMD and expanding its in-store clinic presence. These investments have allowed Walgreens to deepen its relationship with communities while increasing store utilization and service revenue. As one of the most reliable and creditworthy tenants in the single-tenant net lease sector, Walgreens continues to be a go-to brand for passive investors seeking secure, long-term returns.
Lease Structure – Absolute NNN
The Fayetteville Walgreens is subject to an absolute triple-net lease, which provides a truly passive investment experience. Under this structure, the tenant is fully responsible for all property operating expenses, including taxes, insurance, maintenance, and capital expenditures.
Key lease terms include:
This lease structure makes the property an ideal fit for investors seeking hands-off ownership with stable, predictable income.
Fayetteville, NC Market Overview
Fayetteville is the sixth-largest city in North Carolina, located in Cumberland County and forming part of the Fayetteville Metropolitan Statistical Area (MSA). Known for its deep military ties, Fayetteville is anchored by Fort Liberty, which employs over 50,000 active-duty personnel and supports more than 250,000 military dependents, retirees, and civilians.
The presence of the military base provides a level of economic stability and consistent population flow not seen in typical suburban or tertiary markets. The region also benefits from educational institutions such as Fayetteville State University and a growing healthcare sector led by Cape Fear Valley Medical Center.
Ongoing infrastructure development, new housing communities, and strong public investment are helping Fayetteville transition into a more diversified economic hub—making it an increasingly attractive destination for national retailers, medical providers, and service-based tenants.
Demographics and Economic Drivers
The surrounding area provides Walgreens with a strong, loyal customer base that supports essential service retail.
The combination of a large base population, family-oriented neighborhoods, and consistent employment ensures reliable traffic to Walgreens’ location and long-term relevance in the local community.
Retail Corridor and Site Features
The Walgreens property is strategically positioned along a high-traffic retail corridor, often at or near a signalized intersection with major visibility. The site includes a drive-thru pharmacy window, ample parking, and direct access to residential and commuter traffic.
Site features include:
These site fundamentals support consistent customer traffic, repeat prescription pickups, and operational efficiency—ensuring long-term tenant success.
Corporate Tenant Strength – Walgreens Boots Alliance
Walgreens Boots Alliance remains a gold standard tenant in the net lease market, offering long-term stability and a proven track record of honoring lease obligations across thousands of U.S. locations. As an essential-service provider with strong customer loyalty and an evolving healthcare model, Walgreens is well-positioned for continued success across economic cycles.
Tenant highlights:
The financial strength, corporate backing, and essential-service designation of Walgreens provide peace of mind to investors seeking low-risk income generation from a trusted national brand.
Investment Highlights
Conclusion
This Walgreens Pharmacy in Fayetteville, North Carolina offers a prime opportunity to acquire a stable, long-term, absolute NNN investment in a growing Southeastern market supported by a major federal economic driver. With zero landlord responsibilities, a corporate-guaranteed lease, and essential-use functionality in a high-demand healthcare corridor, this property provides an excellent balance of yield, credit, and market fundamentals.
Whether you are seeking a replacement property for a 1031 exchange, looking to add a passive asset to your portfolio, or pursuing long-term income with minimal risk, this Walgreens in Fayetteville delivers institutional-quality security and relevance in a market that continues to evolve and expand.