Walgreens

Highlights

• Absolute NNN Lease: Features an absolute triple net lease structure with zero landlord responsibilities, providing truly passive income.
• Affluent Demographics: Located in a high-income area with an average household income exceeding $146,000 within a 3-mile radius.
• Strong Traffic & Visibility: More than 25,000 vehicles pass the site daily, delivering exceptional exposure and accessibility.
• Dense Surrounding Population: Serves a robust and diverse customer base, with over 4,000 residents within a 1-mile radius and more than 40,250 residents within 3 miles.
• Proximity to Urban Core: Positioned just 7 to 8 miles northwest of downtown Winston-Salem, offering convenience to the city’s central business district and cultural attractions.
• Regional Growth Hub: Part of the Greensboro–Winston-Salem–High Point Combined Statistical Area (Piedmont Triad), the third-largest CSA in North Carolina with a total population of approximately 1.76 million as of 2024.
• Diverse & Expanding Economy: Winston-Salem has transitioned from traditional manufacturing to a diversified economy anchored by healthcare, education, innovation, and advanced manufacturing.
• Major Employment Base: Education and Health Services is the dominant employment sector, supporting over 58,700 jobs, driven by regional anchors such as Atrium Health Wake Forest Baptist and Novant Health.
• Capital Investment & Job Growth: Since 2020, Winston-Salem has attracted $803 million in capital investments, with $6.3 billion in additional pipeline investments and 11,000 new jobs. In 2024 alone, the city added 631 new jobs backed by $137 million in investment.
• Above-Average Population Growth: The city's population has grown by 4.7% since 2020, significantly outpacing the national average of 2.8%, indicating strong long-term demand fundamentals.

Location