1302 Highway 72-221 East - Drug Store FOR SALE
Greenwood, SC 29649 |
$3,400,000 USD
617-865-1145
1302 Highway 72-221 East
Greenwood, SC 29649
HIGHLIGHTS
- Absolute Triple Net Lease with No Landlord Responsibilities | CVS is under an absolute triple net lease, which places all expenses on the tenant
- Long Term Occupancy | The tenant has been at this location for 26 years, recently extending the lease by 10 years
- 10, 5-Year Renewal Options with Rental Increases | The lease includes ten 5-year renewal options
OVERVIEW
Surmount is pleased to present the exclusive listing for a CVS Pharmacy located at 1302 Hwy 72-221 East, Greenwood, SC 29649. The site consists of roughly 10,184 rentable square feet of building space on an estimated 1.2-acre parcel of land. This CVS Pharmacy is subject to a long-term absolute Triple Net (NNN) lease, which commenced 7/1/1999. The current annual rent is $195,000 and has scheduled rental increases of 5.00% at the start of the first and second tenant renewal periods.
FOR SALE DETAILS
PRICE
$3,400,000 USD
PRICE/SF
$334 USD /SF
CAP RATE
5.74%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
CVS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1999
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.2 AC
LAND SF
52,272 SF
ZONING
GC
APN/PARCEL ID
6856-372-617-000
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617-865-1145
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617-865-1145
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