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Investment Highlights

  • 13 Year Corporate Lease with 12 5-Year Options
  • Fee Simple NNN with no Landlord Responsibilities
  • Combined VPD of approximately 27,000
  • Corporate Guarantee
  • RARE 5% rent increases every 5 years (including option periods)
  • Less than 10 Miles East of Augusta, GA

Executive Summary

Introducing Walgreens in Beech Island, SC - a lucrative investment opportunity you won't want to miss! This prime property features a 14,835 SF building on a 1.74 AC lot, offering a solid 7.10% cap rate and $261,900 NOI. With a 13-year corporate lease guaranteed by Walgreens, this fee simple NNN investment includes rent increases of 5% every 5 years. Strategically located near Augusta, GA, this property benefits from high visibility at a signalized intersection with a combined VPD of 27,000. Adjacent to popular retailers like Waffle House and in close proximity to residential areas and community conveniences, this property is positioned for success. Invest in the trusted reputation and global presence of Walgreens and capitalize on this exceptional commercial real estate opportunity at 4380 Jefferson Davis Highway, Beech Island, SC.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,835 SF
Building Class
C
Year Built
2008
Price
$3,500,000
Price Per SF
$235.93
Cap Rate
7.48%
NOI
$261,900
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
1.74 AC
Parking
56 Spaces (3.77 Spaces per 1,000 SF Leased)
Frontage
278’ on Belvedere Rd

Amenities

  • Pylon Sign
  • Signalized Intersection
  • Drive Thru

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Retailer
  • 100 SF
  • $17.65
  • Triple Net
  • Jul 2035

Walgreens Boots Alliance began with Walgreens, which was founded in 1901 and grew from a neighborhood drugstore into a large pharmacy and retail business. The company was formed later through the combination of Walgreens and Alliance Boots, creating a business with a broad presence in pharmacy retail and health-focused services. Its operations include retail pharmacy, healthcare services, and pharmaceutical wholesale, with digital and in-store offerings that support prescription access, consultations, immunizations, and wellness products. Walgreens Boots Alliance has remained centered on pharmacy-led care while serving customers through a mix of community locations and online channels.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Retailer 100 SF $17.65 Triple Net Jul 2035
Somewhat walkable
30/100
Exceptionally drivable
100/100
Not bikeable
10/100

Nearby Major Retailers

Waffle House
Regions Bank
IGA
Security Federal Bank

Property Taxes

Property Taxes

Parcel Number
024-07-02-005
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$277,790
  • Listing ID: 34213250

  • Date on Market: 12/16/2024

  • Last Updated:

  • Address: 4380 Jefferson Davis Hwy, North Augusta, SC 29842

Contact the Sale Advisor

Walgreens - Augusta, GA | 4380 Jefferson Davis Hwy

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