April 22, 2011

Business notebook - New Walgreens store sold

Published: Thursday, April 21, 2011 at 4:58 p.m.
Last Modified: Thursday, April 21, 2011 at 4:58 p.m.
Star News Online, Wilmington, NC

WILMINGTON | The new Walgreens at 5900 Carolina Beach Road has been sold for $5.97 million to Cole WG Wilmington NC LLC. The former owner is Carolina Beach & Sanders LLC, owned by Bill Mitchener of Collett & Associates in Charlotte.

The price for the store, which opened Sept. 27, amounts to $402.93 a square foot, Collett & Associates said.

Walgreens has been active in the area in recent years, expanding its locations in competition with CVS and Rite Aid.

The company now has 12 locations in New Hanover and Brunswick counties.


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