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1115 Old Towne Rd
Charleston, SC 29407
Walgreens - Charleston, SC · Retail Property For Sale

INVESTMENT HIGHLIGHTS

  • 4 Years Remaining With (4) 5 Year Option Periods
  • NNN Lease With Limited Landlord Responsibilities and Depreciation Benefits
  • Long Term Tenant Has Been Operating at This Location Since 1998
  • Corporate Guaranteed Lease Featuring Investment Grade Credit (S&P: BBB)
  • Extremely Rare 14% Rent Bump at the End of the Remaining Term and Then Nearly 2% Rent Bumps on Each of the Options Periods
  • Walgreens is the Second-Largest Pharmacy Store Chain in the United States

PROPERTY FACTS

Property Type
Retail
Property Subtype
Drug Store
Building Size
10,908 SF
Building Class
B
Year Built
1998
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
1.25 AC
Parking
30 Spaces (2.75 Spaces per 1,000 SF Leased)
Frontage
195’ on Ashley River Rd

AMENITIES

  • Bus Line
  • Pylon Sign
  • Signage
  • Signalized Intersection
  • Drive Thru

PROPERTY TAXES

  • Listing ID: 32023593

  • Date on Market: 6/5/2024

  • Last Updated:

  • Address: 1115 Old Towne Rd, Charleston, SC 29407