Nov
08

Hendersonville, NC Walgreens Sold For $5.03 Million

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A Florida-based limited liability company has acquired a 15,371-square-foot Walgreens pharmacy located at 1148 Asheville Highway in Hendersonville. The property traded for $5.03 million. Allen Smith of Marcus & Millichap’s Charlotte office and Larry Curry of the firm’s Tampa, Fla., office represented the buyer. The seller’s name was not released.

From Loopnet:

Rent commencement: 02/16/2009
Lot Size: 1.55 AC
Asking Cap Rate: 7.35%

Note that the cap rate above is based upon the asking price, which is not shown on the Loopnet page.

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    Categories : Asheville

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