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11+ cap !! NNN Walgreens 2498 2nd Loop Rd 14,438 SF Retail Building Florence, SC 29501 $2,995,000 ($207.44/SF) 11.17% Cap Rate

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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

this price = quick close.
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.

Property Facts

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Drug Store

Building Size

14,438 SF

Building Class

Year Built

2003

Price

$2,995,000

Price Per SF

$207.44

Cap Rate

11.17%

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

266’ on 2nd Loop Road

Pylon Sign

Drive Thru

Air Conditioning

1 1

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2498 2nd Loop Rd, Florence, SC - Aerial map view - Image1

2498 2nd Loop Rd, Florence, SC - Aerial map view - Image2

Moderately walkable

60/100

Exceptionally drivable

100/100

Minimal public transit

10/100

Somewhat bikeable

30/100

Source: Local Logic^®

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

(415) 673-0218

Contact

Edward Schmidt
Schmidt Property Group

Listing ID: 35608545
Date on Market: 4/23/2025
Last Updated:
Address: 2498 2nd Loop Rd, Florence, SC 29501

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2498 2nd Loop Rd, Florence, SC for sale Building Photo- Image 1 of 4 — Building Photo

2498 2nd Loop Rd, Florence, SC for sale Aerial- Image 2 of 4 — Aerial

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11+ cap !! NNN Walgreens | 2498 2nd Loop Rd

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