Walgreens 726 S Irby St 14,820 SF Retail Building Florence, SC 29501 $3,800,000 ($256.41/SF) 10.01% Cap Rate
INVESTMENT HIGHLIGHTS
- EXPANDING MARKET – Florence is a growing regional hub supported by city-backed development initiatives and rising housing demand.
- HIGH INCOME STREAM – This deal offers a very favorable yield while the purchaser is establishing a re-tenanting or redevelopment plan.
- SOLID DEMOGRAPHICS – There are 70,000+ residents within a 5-mile radius of the subject property
- HARD CORNER SIGNALIZED INTERSECTION – Located at the high-traffic, signalized intersection of S Irby St and Cherokee Rd
- HIGH-QUALITY CONSTRUCTION – The property is high-quality brick construction finished in 2015 with prominent visibility and great curb appeal
- REGIONAL HEALTHCARE AND BUSINESS CENTER – Florence is home to several major hospitals and medical centers
EXECUTIVE SUMMARY
Kyle Matthews
License No. 22684 (SC)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203
PROPERTY FACTS
AMENITIES
- Signage
- Drive Thru
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
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- Health Care and Social Assistance
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Labcorp gives everything their all—because everything they do has the potential to change lives. They are a global life sciences and healthcare company harnessing science for human good. Every day, their mission is to improve health and improve lives. They are scientists, medical researchers, doctors and healthcare professionals. They are people first. People looking to science for the answers that will lead to better, healthier lives. For over 50 years, their discoveries and insights have shattered the norm and helped make real, meaningful differences for people around the world.
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- Retailer
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Walgreens is a trusted and convenient local health destination that millions of Americans rely on every day. Their founder, Charles R. Walgreen Sr., was known for finding new ways to connect with customers on a personal level and treating each person like a guest in his own home. For over a century, they have expanded that personal connection through their network of neighborhood pharmacies and their innovative health services and products. The foundation for all of this is their trusted pharmacy expertise, and their team members who provide essential care that helps people achieve better health outcomes at an affordable cost.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
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Health Care and Social Assistance | - | - | - | ||
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Retailer | - | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 90089-02-024 | Improvements Assessment | $148,536 |
| Land Assessment | $60,000 | Total Assessment | $208,536 |
