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Absolute NNN Leased Walgreens 201 N Lafayette Dr 13,788 SF Retail Building Sumter, SC 29150 $3,453,000 ($250.44/SF) 7.30% Cap Rate
Investment Highlights
- Absolute NNN Lease – Zero Landlord Responsibilities
- 5% Rental Increases Every 5 Years
- Adjacent to Major National Retailers – Walmart, Lowe's, Petco, Staples, T-Mobile, Aspen Dental
- Corporate Guarantee – Backed by Walgreens
- High-Traffic Corner Location – Signalized Intersection of E Calhoun St & N Lafayette Dr (46,000+ VPD Combined)
- Proximity to Educational Institutions – Sumter High School (2,289 students), Morris College (384 students), Central Carolina Technical College (2,885
Executive Summary
The Kase Group is pleased to present the opportunity to acquire a corporately guaranteed Walgreens located at the signalized intersection of East Calhoun Street and North Lafayette Drive in Sumter, South Carolina. The ±14,820 square foot building sits on a ±1.84-acre parcel and was constructed in 2008. The property is secured by a long-term absolute NNN lease with zero landlord responsibilities and structured rent escalations. The lease includes 5% rental increases every five years, with twelve (12) five-year renewal options, providing long-term income growth and stability. Strategically positioned in a high-traffic corridor with combined traffic counts exceeding 46,000 vehicles per day, the site offers excellent visibility and accessibility.
The property is surrounded by prominent national retailers, including Walmart, Lowe's, Petco, Staples, T-Mobile, and Aspen Dental, enhancing its retail synergy and consumer draw. Additionally, the location benefits from proximity to key educational institutions such as Sumter High School (2,289 students), Morris College (384 students), and Central Carolina Technical College (2,885 students), contributing to a strong daytime population and consistent foot traffic. The surrounding area features a mix of established residential neighborhoods and commercial developments, reinforcing the property's position within a stable and growing market.
The property is surrounded by prominent national retailers, including Walmart, Lowe's, Petco, Staples, T-Mobile, and Aspen Dental, enhancing its retail synergy and consumer draw. Additionally, the location benefits from proximity to key educational institutions such as Sumter High School (2,289 students), Morris College (384 students), and Central Carolina Technical College (2,885 students), contributing to a strong daytime population and consistent foot traffic. The surrounding area features a mix of established residential neighborhoods and commercial developments, reinforcing the property's position within a stable and growing market.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,788 SF
Building Class
B
Year Built
2008
Price
$3,453,000
Price Per SF
$250.44
Cap Rate
7.30%
NOI
$252,050
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.84 AC
Zoning
GC - General Commercial
Parking
54 Spaces (3.92 Spaces per 1,000 SF Leased)
Frontage
235’ on LAFAYETTE DR
Amenities
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
Nearby Major Retailers
Property Taxes
| Parcel Number | 249-08-05-014 | Improvements Assessment | $189,130 |
| Land Assessment | $60,110 | Total Assessment | $249,240 |
Property Taxes
Parcel Number
249-08-05-014
Land Assessment
$60,110
Improvements Assessment
$189,130
Total Assessment
$249,240
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Absolute NNN Leased Walgreens | 201 N Lafayette Dr
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