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Walgreens 9001 Two Notch Rd 14,620 SF Retail Building Columbia, SC 29223 $5,900,000 ($403.56/SF) 7.73% Cap Rate
Investment Highlights
- Absolute Triple-Net (NNN) Lease | Zero (0) Landlord Responsibilities
- Rare Percentage Rent Clauses | 2.00% Of Gross Sales (Excluding Food & Prescription) | 0.5% Of Gross Sales From The Sale Of Food Items & Prescription
- Original Long-Term Twenty-Five (25)-Year Lease | Approximately 8.5 Years Remaining | Fifty (50), One (1)-Year Options
- 1.72-Acre Lot | 14,620-Square Foot Building | 64 Parking Spaces | Left/Right Access Along Both Rabon Rd & Two Notch Rd
Executive Summary
Surmount is pleased to present the exclusive listing for a Walgreens located at 9001 Two Notch Rd, Columbia, SC 29223. The site consists of roughly 14,620 rentable square feet of building space on an estimated 1.71-acre parcel of land. This Walgreens is subject to a 25-year Triple Net (NNN) lease, which commenced 5/1/2009. The current annual rent is $456,000.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
14,620 SF
Building Class
C
Year Built
2009
Price
$5,900,000
Price Per SF
$403.56
Cap Rate
7.73%
NOI
$456,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
1.71 AC
Zoning
GCl
Frontage
Nearby Major Retailers
Property Taxes
| Parcel Number | 19902-12-01 | Improvements Assessment | $3,179,700 |
| Land Assessment | $893,900 | Total Assessment | $4,073,600 |
Property Taxes
Parcel Number
19902-12-01
Land Assessment
$893,900
Improvements Assessment
$3,179,700
Total Assessment
$4,073,600
Contacts
-
Judson Kauffman -
Hannan Ben Yosef -
Matthew Sorace -
Christopher Marks -
Glen Kunofsky -
Surmount
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Walgreens | 9001 Two Notch Rd
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