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Walgreens 1 S Alliance Dr 14,741 SF Retail Building Goose Creek, SC 29445 $3,662,500 ($248.46/SF) 8% Cap Rate



Investment Highlights
- Positioned within the Charleston MSA
- Successful operating history since 2005
- Six-figure average household income within one mile ($123,000+)
- Absolute NNN – no landlord responsibilities
- Located along College Park Road (39,100 VPD)
- Walking distance from Stratford High School (2,700 students)
Executive Summary
The Boulder Group is pleased to exclusively market for sale a single tenant net leased Walgreens property located in Goose Creek, South Carolina within the Charleston MSA. Walgreens has successfully operated at this location since 2005 on a lease that runs through August 2030. The lease is absolute triple net, presenting no landlord responsibilities.
The 14,741 square-foot building is positioned along College Park Road, a primary thoroughfare that sees over 39,100 vehicles per day. The property also benefits from its close proximity to Interstate 26, which carries an additional 109,600 vehicles daily. More than 145,000 residents live within a five-mile radius, and the surrounding community is affluent, with an average household income exceeding $123,000 within one mile. The property is within walking distance of Stratford High School (2,700 students) and near the growing Hunters Bend single-family housing development. Nearby national retailers include Food Lion, Wendy’s, Dollar General, Ace Hardware, Sonic, Subway, and others.
Walgreens is included in the Retail Pharmacy USA Division of Walgreens Boots Alliance, Inc., a global leader in retail pharmacy. As America’s most loved pharmacy, health and beauty company, Walgreens purpose is to champion the health and wellbeing of every community in America. Operating more than 8,100 retail locations across America, Puerto Rico and the U.S. Virgin Islands, Walgreens is proud to be a neighborhood health destination serving approximately 8 million customers each day. Walgreens pharmacists play a critical role in the U.S. healthcare system by providing a wide range of pharmacy and healthcare services.
The 14,741 square-foot building is positioned along College Park Road, a primary thoroughfare that sees over 39,100 vehicles per day. The property also benefits from its close proximity to Interstate 26, which carries an additional 109,600 vehicles daily. More than 145,000 residents live within a five-mile radius, and the surrounding community is affluent, with an average household income exceeding $123,000 within one mile. The property is within walking distance of Stratford High School (2,700 students) and near the growing Hunters Bend single-family housing development. Nearby national retailers include Food Lion, Wendy’s, Dollar General, Ace Hardware, Sonic, Subway, and others.
Walgreens is included in the Retail Pharmacy USA Division of Walgreens Boots Alliance, Inc., a global leader in retail pharmacy. As America’s most loved pharmacy, health and beauty company, Walgreens purpose is to champion the health and wellbeing of every community in America. Operating more than 8,100 retail locations across America, Puerto Rico and the U.S. Virgin Islands, Walgreens is proud to be a neighborhood health destination serving approximately 8 million customers each day. Walgreens pharmacists play a critical role in the U.S. healthcare system by providing a wide range of pharmacy and healthcare services.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,741 SF
Building Class
B
Year Built
2005
Price
$3,662,500
Price Per SF
$248.46
Cap Rate
8%
NOI
$293,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
1.54 AC
Zoning
GOOSE CREE
Parking
63 Spaces (4.27 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signalized Intersection
- Drive Thru
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- -
- -
- Triple Net
- Aug 2030
Walgreens is a U.S.-based retail pharmacy operator providing prescription drugs, health services, and consumer goods through neighborhood drugstores and digital platforms. The company was founded in 1901 by Charles Rudolph Walgreen in Chicago, Illinois. Over time, Walgreens expanded nationwide and became one of the largest pharmacy chains in the United States. In 2014, Walgreens became part of the newly formed holding company Walgreens Boots Alliance following the acquisition of Alliance Boots.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
Retailer | - | - | Triple Net | Aug 2030 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 234-00-00-110 | Improvements Assessment | $2,327,579 |
| Land Assessment | $447,029 | Total Assessment | $2,774,608 |
Property Taxes
Parcel Number
234-00-00-110
Land Assessment
$447,029
Improvements Assessment
$2,327,579
Total Assessment
$2,774,608
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Walgreens | 1 S Alliance Dr
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