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Walgreens | West Columbia, SC 1537 Charleston Hwy

14,820 SF Retail Building West Columbia, SC 29169 £3,618,246 (£244/SF) 7.25% Net Initial Yield

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Investment Highlights

CORPORATE GUARANTEE FROM WALGREENS
STRATEGIC LOCATION | The subject property benefits from its location within a strong retail corridor surrounded by prominent national retailers.
STRONG POPULATION GROWTH | West Columbia has shown consistent population growth in recent years

LONG-TERM ABSOLUTE TRIPLE NET (NNN)
EXCELLENT SITE-LEVEL VISIBILITY & CONVENIENCE

Executive Summary

PRICING - $4,580,000
CAP RATE - 7.25%
NOI - $332,000
LEASE TERM - 8+ YEARS
GUARANTEE - CORPORATE

Final OM_Walgreens - West Columbia, SC_May 2024 (optimized)

Property Facts

Sale Type

Investment NNN

Sale Conditions

Design & Build

Property Type

Retail

Property Subtype

Drug Store

Building Size

14,820 SF

Building Class

Year Built

2006

Price

£3,618,246

Price Per SF

£244

Net Initial Yield

7.25%

NOI

£262,283

Tenancy

Single

Number of Floors

Building FAR

0.14

Land Acres

2.41 AC

Zoning

Commercial - Commercial

Parking

63 Spaces (4.25 Spaces per 1,000 SF Leased)

Frontage

297 ft on Joyce St

Amenities

Pylon Sign

Signage

Signalised Intersection

Drive Thru

Retailer
-
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Walgreens is a trusted and convenient local health destination that millions of Americans rely on every day. Their founder, Charles R. Walgreen Sr., was known for finding new ways to connect with customers on a personal level and treating each person like a guest in his own home. For over a century, they have expanded that personal connection through their network of neighborhood pharmacies and their innovative health services and products. The foundation for all of this is their trusted pharmacy expertise, and their team members who provide essential care that helps people achieve better health outcomes at an affordable cost.