1401 Chapin Rd - Drug Store FOR SALE


Chapin, SC 29036
$2,150,405 USD
847-562-9280
1401 Chapin Rd, Chapin, SC for Sale
$2,150,405 USD
Drug Store - FOR SALE
1/4
null | 7.65% Cap Rate

1401 Chapin Rd
Chapin, SC 29036


HIGHLIGHTS

  • Positioned within the Columbia MSA – Ranked #72 in the United States for population size
  • New roof in 2024
  • Walgreens assumed and extended the existing lease at this location
  • 10 years remaining on the primary term
  • Low rent figure compared to other national pharmacy locations
  • Rental escalations in the renewal options

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,150,405 USD

PRICE/SF

$200 USD /SF

CAP RATE

7.65%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

44

LAND DETAILS

LAND ACRES

2.07 AC

LAND SF

90,169 SF

ZONING

c

APN/PARCEL ID

000723-02-010,00072302011,00072302012,047-03-02-003,R120-007-000-0677-0000

ASK ABOUT THIS PROPERTY

John FeeneyThe Boulder GroupMore Info
847-562-9280

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John FeeneyThe Boulder GroupMore Info
847-562-9280

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.