The Boulder Group is pleased to exclusively market for sale a single tenant net leased Walgreens property positioned within the
Columbia MSA in Chapin, South Carolina. The subject property has been operating as a pharmacy location since its construction in
1997. In 2018, Walgreens assumed the lease from Rite Aid and extended it through May 2034. There are two 5-year renewal options
remaining with 3% rent escalations in each. This location also features a drive-through pharmacy and a low rent figure compared
to other national pharmacy locations. A new roof was installed in 2024.
The 10,752 square-foot building benefits from its position along US Highway 76 (AKA Chapin Road) which experiences over
13,400 vehicles per day. The subject property is surrounded by an affluent population of 37,835 people within a 7-mile radius. That
population earns an annual income of $137,073 per household. Tenants supporting the area alongside Walgreens include Publix,
Food Lion, Lowes Foods, Wells Fargo, TD Bank, O’Reilly Auto Parts, Anytime Fitness, Dollar General, Jersey Mike’s, and several others.
Additionally, the property is located within proximity to Chapin High School which has over 1,500 students enrolled.
Walgreens is included in the Retail Pharmacy USA Division of Walgreens Boots Alliance, Inc., a global leader in retail pharmacy.
As America’s most loved pharmacy, health and beauty company, Walgreens purpose is to champion the health and wellbeing of
every community in America. Operating more than 9,000 retail locations across America, Puerto Rico and the U.S. Virgin Islands,
Walgreens is proud to be a neighborhood health destination serving approximately 8 million customers each day. Walgreens
pharmacists play a critical role in the U.S. healthcare system by providing a wide range of pharmacy and healthcare services.