Walgreens | NNN Investment | High Cap Rate

The property is strategically located at 2795 Lewisville Clemmons Road in Clemmons, North Carolina, a well-established and growing suburban retail corridor just southwest of Winston-Salem. Clemmons is one of the most desirable residential communities in Forsyth County, known for its strong household incomes, retail concentration, and steady population growth. The site benefits from excellent frontage and visibility along Highway 158, a primary east–west commuter and retail artery carrying approximately 18,000 vehicles per day. This strong traffic exposure supports consistent customer demand and long-term retail viability. Surrounding the property is a dense concentration of national and regional retailers, including Walmart, Chick-fil-A, CVS, and the Westwood Shopping Center, positioning the Walgreens at the center of the area’s dominant retail node. These traffic-driving anchors provide daily necessity retail demand and reinforce the strength of the location for long-term tenant performance. The property’s proximity to major residential neighborhoods ensures a strong built-in customer base, while convenient access to regional roadways connects the site efficiently to Winston-Salem, Lewisville, and surrounding Forsyth County population centers. This combination of suburban density, retail synergy, and commuter traffic makes the location highly attractive for essential retail users.The Walgreens at 2795 Lewisville Clemmons Road in Clemmons, North Carolina presents an exceptional opportunity to acquire a high-yield, single-tenant net-leased investment at a rare 10.97% cap rate. The property is fully leased to Walgreen Co. with a corporate guarantee and features fee-simple ownership with NNN structure, providing predictable, passive cash flow with minimal landlord responsibilities. Constructed in 2005, the ±14,628 SF freestanding building sits on a 1.62-acre parcel with excellent frontage and visibility along Highway 158, serving approximately 18,000 vehicles per day. The site benefits from strong surrounding retail including Walmart, Chick-fil-A, CVS, and Westwood Shopping Center, making it a dominant retail node within the market. Priced at $3,600,000, the asset delivers approximately $395,000 in annual NOI, making it one of the most attractive Walgreens offerings nationally on a yield basis. With ten (10) five-year renewal options, the lease offers long-term income security backed by a national credit tenant.