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Walgreens 1232 W Wade Hampton Blvd 14,550 SF Retail Building Greer, SC 29650 $4,516,129 ($310.39/SF) 7.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Long Term Absolute Triple Net (NNN) Lease | This investment property is subject to a seventy-five year absolute triple-net (NNN) lease
- Corporate Guarantee | Walgreens is one of the nation's largest leading drugstore chains, operating 8,600+ drugstores with a presence in all 50 states
- Walgreens has a termination option after their 300th calendar month (6/30/2031), leaving over six (6) years on the lease.
- Corner Lot | The subject property is a 14,500 square-foot building situated on a 1.50-acre lot. The property features a drive-thru lane
EXECUTIVE SUMMARY
Surmount is pleased to present the exclusive listing for a Walgreens located at 1232 W Wade Hampton Blvd, Greer, SC 29650. The site consists of roughly 14,550 rentable square
feet of building space on an estimated 1.67-acre parcel of land. This Walgreens is subject to a 25-year Triple Net (NNN) lease, which commenced 6/1/2006. The current annual rent is $350,000.
feet of building space on an estimated 1.67-acre parcel of land. This Walgreens is subject to a 25-year Triple Net (NNN) lease, which commenced 6/1/2006. The current annual rent is $350,000.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,550 SF
Building Class
B
Year Built
2006
Price
$4,516,129
Price Per SF
$310.39
Cap Rate
7.75%
NOI
$350,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
1.67 AC
Zoning
C2
Parking
48 Spaces (3.3 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Pylon Sign
- Signage
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | T017.01-01-040.01 | Improvements Assessment | $386,010 |
| Land Assessment | $23,030 | Total Assessment | $409,040 |
PROPERTY TAXES
Parcel Number
T017.01-01-040.01
Land Assessment
$23,030
Improvements Assessment
$386,010
Total Assessment
$409,040
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Walgreens | 1232 W Wade Hampton Blvd
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