511 S Hampton St - Drug Store FOR SALE
Kershaw, SC 29067 |
$970,000 USD
248-702-0288
511 S Hampton St
Kershaw, SC 29067
HIGHLIGHTS
- Double-Digit 10.00% Cap Rate at an Attractive Price Point – Offered at just $970,000, this investment provides investors with a rare opportunity
- Established Long-Term Drugstore Location Since 1996 – This property has successfully operated as a national drugstore location since 1996
- Landlord Responsibilities: Roof, foundation, structural components, exterior walls, sprinkler system, and utility lines located outside the premises
- Tenant Responsibilities - General interior maintenance and repair of the premises, including routine upkeep, and plate glass replacement
- Walgreens – One of the Nation's Leading Pharmacy Retailers – Walgreens is one of the largest pharmacy chains in the United States
- Strong Built-In Rental Growth – Annual base rent remains at $97,000 through November 2031, then increases 44.2% to $139,884
FOR SALE DETAILS
PRICE
$970,000 USD
PRICE/SF
$87 USD /SF
CAP RATE
10%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Walgreens
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1997
SPRINKLERS
-
PARKING SPACES
45
LAND DETAILS
LAND ACRES
1.22 AC
LAND SF
53,143 SF
ZONING
KER
APN/PARCEL ID
0156O-0J-005.00
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248-702-0288
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248-702-0288
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