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NNN Walgreens "15% cash on cash" *possible 2498 2nd Loop Rd 14,438 SF Retail Building Florence, SC 29501 $3,650,000 ($252.81/SF) 9.16% Cap Rate
Investment Highlights
- Long term net lease structure supported by a nationally recognized pharmacy retailer with an essential service customer base.
- Surrounded by a robust mix of national and regional retailers that reinforce destination traffic and support long-term investment stability.
- Positioned along a well-traveled Florence retail corridor with consistent daily traffic from established neighborhoods and nearby commercial clusters.
- Benefit of a true NNN lease framework offering minimal landlord responsibilities and predictable passive income.
Executive Summary
NNN Walgreens. Good corner location. 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
B
Year Built
2003
Price
$3,650,000
Price Per SF
$252.81
Cap Rate
9.16%
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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