Walgreens - seller financing - high cash flow 2498 2nd Loop Rd 14,438 SF Retail Building Florence, SC 29501 $4,180,000 ($289.51/SF) 8% Cap Rate
EXECUTIVE SUMMARY
Triple net Walgreens lease expiration 2079 with option to terminate June 30, 2028.
Very attractive seller financing: 30% down, 70% loan at 5.25% interest only due five years.
Contact asset manager, Ed Schmidt at 415-673-0218 or edschmidt101@icloud.com.
Very attractive seller financing: 30% down, 70% loan at 5.25% interest only due five years.
Contact asset manager, Ed Schmidt at 415-673-0218 or edschmidt101@icloud.com.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,438 SF
Building Class
C
Year Built
2003
Price
$4,180,000
Price Per SF
$289.51
Cap Rate
8%
NOI
$334,400
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
1.73 AC
Parking
60 Spaces (4.15 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Pylon Sign
- Drive Thru
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 90020-04-005 | Improvements Assessment | $170,718 |
| Land Assessment | $38,681 | Total Assessment | $209,399 |
