104 W Butler Rd - Drug Store FOR SALE


Mauldin, SC 29662
$4,958,000 USD
973-632-1386
104 W Butler Rd, Mauldin, SC for Sale
$4,958,000 USD
Drug Store - FOR SALE
1/10
null | 7.5% Cap Rate

104 W Butler Rd
Mauldin, SC 29662


HIGHLIGHTS

  • Over 9 years remaining following a 10-year lease renewal and 9 (5-year) options to extend
  • 5% rental increases every 5 years at the beginning of each option period
  • Pin corner outparcel to Miracle Hill Center anchored by Ingles Market, featuring Ace Hardware, Take 5 Oil Change, First Citizen Bank, Wendy’s, & more
  • Located across from Mauldin Square (100,000+ SF) anchored by Publix with many national/credit tenants including a Chick-fil-A, Chipotle, & Starbucks
  • Located 20 minutes from downtown Greenville, supported by a population of over 135,603 residents and 72,209 employees in the 5-mile trade area
  • The subject property is the only Walgreens in Mauldin

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Walgreens investment property located in Mauldin, South Carolina. The tenant, Walgreen Co., has over 9 years remaining on their original lease with 9 (5-year) options to extend, demonstrating their commitment to the site. The lease features 5% rental increases every 5 years at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for an out of state investor.

FOR SALE DETAILS

PRICE

$4,958,000 USD

PRICE/SF

$322 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens | 9+yrs Corp Abs NNN w/ Incrs

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

71

LAND DETAILS

LAND ACRES

1.81 AC

LAND SF

78,844 SF

ZONING

C1

APN/PARCEL ID

M004.01-01-005.01,M004.01-01-005.03,M008.01-01-015.01

ASK ABOUT THIS PROPERTY

Kyle FantSRS Real Estate PartnersMore Info
973-632-1386

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Kyle FantSRS Real Estate PartnersMore Info
973-632-1386

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.