1232 W Wade Hampton Blvd - Drug Store FOR SALE
Greer, SC 29650 |
$4,827,587 USD
332-345-4164
1232 W Wade Hampton Blvd
Greer, SC 29650
HIGHLIGHTS
- Long Term Absolute Triple Net (NNN) Lease | This investment property is subject to a seventy-five year absolute triple-net (NNN) lease
- Walgreens has a termination option after their 300th calendar month (6/30/2031), leaving over six (6) years on the lease.
- Corporate Guarantee | Walgreens is one of the nation's largest leading drugstore chains, operating 8,600+ drugstores with a presence in all 50 states
- Corner Lot | The subject property is a 14,500 square-foot building situated on a 1.50-acre lot. The property features a drive-thru lane
OVERVIEW
Surmount is pleased to present the exclusive listing for a Walgreens located at 1232 W Wade Hampton Blvd, Greer, SC 29650. The site consists of roughly 14,550 rentable square
feet of building space on an estimated 1.67-acre parcel of land. This Walgreens is subject to a 25-year Triple Net (NNN) lease, which commenced 6/1/2006. The current annual rent is $350,000.
FOR SALE DETAILS
PRICE
$4,827,587 USD
PRICE/SF
$332 USD /SF
CAP RATE
7.25%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Walgreens
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
ADD'L SUBTYPES
Drug Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2006
SPRINKLERS
-
PARKING SPACES
48
LAND DETAILS
LAND ACRES
1.67 AC
LAND SF
72,745 SF
ZONING
C2
APN/PARCEL ID
T017.01-01-040.01
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332-345-4164
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332-345-4164
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