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501 N Harper St
Laurens, SC 29360
Walgreens | Laurens, SC · Retail Property For Sale
Investment Highlights
- Value-Add Investment Opportunity: The subject property is a Dark Walgreens paying $223,426 on an absolute NNN lease expiring 9/7/28
- Opportunity for Developer Representing a Tenant or Owner/User
- Hard-Corner Signalized Intersection with Access from Both Hillcrest Drive and Harper Street | Offered Significantly Below Replacement Cost
- If a prospective buyer purchases with the Walgreens in-place, the buyer could collect income until the property is re-tenanted
- The Subject Property is Equipped with a Drive Thru
- Growing Laurens County Suburb: Over 52.40% population growth in a 3-mile radius between 2010 and 2020 and another 3.20% projected by 2028
Executive Summary
Hard-Corner Signalized Intersection | Value-Add Investment Opportunity | Corporate Lease (NASDAQ: WBA; S&P: BBB-)
Property Facts In Escrow
Sale Type
Investment NNN
Sale Condition
High Vacancy Property
Property Type
Retail
Property Subtype
Drug Store
Building Size
10,908 SF
Building Class
B
Year Built
1999
Price
$1,400,000
Price Per SF
$128.35
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.37 AC
Zoning
B3 - Highway Service District
Parking
57 Spaces (5.09 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Signalized Intersection
- Drive Thru
- Monument Signage
Property Taxes
| Parcel Number | 906-12-09-010 | Improvements Assessment | $34,350 |
| Land Assessment | $31,500 | Total Assessment | $65,850 |
Property Taxes
Parcel Number
906-12-09-010
Land Assessment
$31,500
Improvements Assessment
$34,350
Total Assessment
$65,850
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