201 N Lafayette Dr - Drug Store FOR SALE


Sumter, SC 29150
$3,480,000 USD
925-348-1844
201 N Lafayette Dr, Sumter, SC for Sale
$3,480,000 USD
Drug Store - FOR SALE
1/7
null | 7.24% Cap Rate

201 N Lafayette Dr
Sumter, SC 29150


HIGHLIGHTS

  • Absolute NNN Lease – Zero Landlord Responsibilities
  • Corporate Guarantee – Backed by Walgreens Boots Alliance (NASDAQ: WBA)
  • 5% Rental Increases Every 5 Years
  • High-Traffic Corner Location – Signalized Intersection of E Calhoun St & N Lafayette Dr (46,000+ VPD Combined)
  • Adjacent to Major National Retailers – Walmart, Lowe's, Petco, Staples, T-Mobile, Aspen Dental
  • Proximity to Educational Institutions – Sumter High School (2,289 students), Morris College (384 students), Central Carolina Technical College (2,885

OVERVIEW

The Kase Group is pleased to present the opportunity to acquire a corporately guaranteed Walgreens located at the signalized intersection of East Calhoun Street and North Lafayette Drive in Sumter, South Carolina. The ±14,820 square foot building sits on a ±1.84-acre parcel and was constructed in 2008. The property is secured by a long-term absolute NNN lease with zero landlord responsibilities and structured rent escalations. The lease includes 5% rental increases every five years, with twelve (12) five-year renewal options, providing long-term income growth and stability. Strategically positioned in a high-traffic corridor with combined traffic counts exceeding 46,000 vehicles per day, the site offers excellent visibility and accessibility. The property is surrounded by prominent national retailers, including Walmart, Lowe's, Petco, Staples, T-Mobile, and Aspen Dental, enhancing its retail synergy and consumer draw. Additionally, the location benefits from proximity to key educational institutions such as Sumter High School (2,289 students), Morris College (384 students), and Central Carolina Technical College (2,885 students), contributing to a strong daytime population and consistent foot traffic. The surrounding area features a mix of established residential neighborhoods and commercial developments, reinforcing the property's position within a stable and growing market.

FOR SALE DETAILS

PRICE

$3,480,000 USD

PRICE/SF

$252 USD /SF

CAP RATE

7.24%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Absolute NNN Leased Walgreens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

54

LAND DETAILS

LAND ACRES

1.83 AC

LAND SF

79,808 SF

ZONING

-

APN/PARCEL ID

249-08-05-014

ASK ABOUT THIS PROPERTY

Kase AbusharkhThe Kase GroupMore Info
925-348-1844

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Kase AbusharkhThe Kase GroupMore Info
925-348-1844

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