• Broker Edward Schmidt 4156730218
Schmidt Property Group

Walgreens - seller financing - high cash flow 2498 2nd Loop Rd 14,438 SF Retail Building Florence, SC 29501 $4,175,000 ($289.17/SF) 8.01% Cap Rate

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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.

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
$4,175,000
Price Per SF
$289.17
Cap Rate
8.01%
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
104’ on 2nd Loop Rd

AMENITIES

  • Pylon Sign
  • Drive Thru
  • Air Conditioning

TRAFFIC

COLLECTION STREET CROSS STREET TRAFFIC VOLUME YEAR Distance
2nd Loop Road S Westminister Dr, SE 27,056 2025 0.05 mi
2nd Loop Rd S Westminister Dr, SE 29,592 2024 0.08 mi
South Cashua Drive Woodland Dr, N 12,420 2025 0.20 mi
S Cashua Dr Woodland Dr, N 12,335 2024 0.24 mi
2nd Loop Rd Woodland Dr, N 19,934 2025 0.40 mi
2nd Loop Road Woodland Dr, SW 20,020 2025 0.48 mi
Holly Circle Lockhaven Rd, NW 7,751 2025 0.54 mi
South Santiago Drive Howell Ln, NW 1,798 2025 0.57 mi
S Santiago Dr Howell Ln, NW 1,807 2024 0.57 mi
Holly Cir W Palmetto St, NW 6,940 2025 0.59 mi

NEARBY MAJOR RETAILERS

Walmart Neighborhood Market
First Bank NC
Checkers
Harris Teeter
Food Lion
PNC Bank
McAlister's Deli
Five Guys
Starbucks
Hwy 55 Burgers Shakes & Fries

PROPERTY TAXES

Parcel Number 90020-04-005 Improvements Assessment $178,227
Land Assessment $44,483 Total Assessment $222,710

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ADDITIONAL PHOTOS

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