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NNN Walgreens "15% cash on cash" *possible 2498 2nd Loop Rd 14,438 SF Retail Building Florence, SC 29501 $3,875,000 ($268.39/SF) 8.63% 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
$3,875,000
Price Per SF
$268.39
Cap Rate
8.63%
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 | $178,227 |
| Land Assessment | $44,483 | Total Assessment | $222,710 |
Property Taxes
Parcel Number
90020-04-005
Land Assessment
$44,483
Improvements Assessment
$178,227
Total Assessment
$222,710
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Presented by
Schmidt Property Group
NNN Walgreens "15% cash on cash" *possible | 2498 2nd Loop Rd
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