105 Foothills Center Dr - Drug Store FOR SALE


West Union, SC 29696
$1,630,769 USD
508-272-0585
105 Foothills Center Dr, West Union, SC for Sale
$1,630,769 USD
Drug Store - FOR SALE
1/4
null | 6.5% Cap Rate

105 Foothills Center Dr
West Union, SC 29696


HIGHLIGHTS

  • EXPOSURE TO GREENVILLE MSA GROWTH & LAKE KEOWEE DEMAND
  • LOW RENT BASIS ENHANCES LONG-TERM TENANT VIABILITY
  • LONG-TERM PASSIVE INCOME STREAM

OVERVIEW

RECENT 20-YEAR LEASE EXTENSION DEMONSTRATES LONG-TERM COMMITMENT - ?In 2019, CVS executed a 20-year lease extension, reaffirming the strategic importance of this location and signaling long-term commitment following more than two decades of successful operations at the site INVESTMENT-GRADE CORPORATE GUARANTY (CVS HEALTH) - ?Backed by CVS Health Corporation (NYSE: CVS; S&P: BBB), one of the largest healthcare providers in the U.S. with over 9,000 locations nationwide LONG-TERM PASSIVE INCOME STREAM - ?Absolute NNN lease structure provides zero landlord responsibilities and stable, predictable cash flow over the remaining 13+ year lease term LOW RENT BASIS ENHANCES LONG-TERM TENANT VIABILITY - ?The asset features a low absolute rent level and attractive basis, positioning the location well below replacement cost and supporting long-term tenant sustainability and renewal probability EXPOSURE TO GREENVILLE MSA GROWTH & LAKE KEOWEE DEMAND - ?Located within the broader Greenville–Anderson MSA, one of the fastest-growing regions in the Southeast, with additional demand drivers from Lake Keowee's affluent second-home and retirement base

FOR SALE DETAILS

PRICE

$1,630,769 USD

PRICE/SF

$163 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

NNN Freestanding CVS | West Union, SC

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Convenience Store, Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

27

LAND DETAILS

LAND ACRES

1.18 AC

LAND SF

51,282 SF

ZONING

-

APN/PARCEL ID

510-08-01-017

ASK ABOUT THIS PROPERTY

Eric SuffolettoAtlantic Capital PartnersMore Info
508-272-0585

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Eric SuffolettoAtlantic Capital PartnersMore Info
508-272-0585

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