2498 2nd Loop Rd - Drug Store FOR SALE


Florence, SC 29501
$4,750,000 USD
510-388-4438
2498 2nd Loop Rd, Florence, SC for Sale
$4,750,000 USD
Drug Store - FOR SALE
1/2
null | 7.05% Cap Rate

2498 2nd Loop Rd
Florence, SC 29501


HIGHLIGHTS

  • Absolute NNN Lease
  • Corporate Guaranty - NASDAQ:WBA
  • Zero Landlord Obligations
  • Seller Financing Available
  • Hard Corner Location - 27,550 VPD

OVERVIEW

Rare seller financing offering. Cash on Cash return very attractive. Co-op fee 1%. NNN Leased Walgreens located in Florence, South Carolina. The building consists of 15,500 square feet situated on a 1.73 acre lot. The lease expires in 2028 with ten, 5 year renewal options. This Walgreens benefits from its hard corner location and exposure to 27,550 vehicles per day on the corner of 2nd Loop Rd and State Rd S-21-29. The site is located minutes from Magnolia Mall, a 613,500 square feet Retail Center and surrounded by various businesses in the area.

FOR SALE DETAILS

PRICE

$4,750,000 USD

PRICE/SF

$329 USD /SF

CAP RATE

7.05%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

SELLER FINANCING NNN Leased Walgreens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

60

LAND DETAILS

LAND ACRES

1.73 AC

LAND SF

75,359 SF

ZONING

-

APN/PARCEL ID

90020-04-005

ASK ABOUT THIS PROPERTY

Jeff BraccoThe Kase GroupMore Info
510-388-4438

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Jeff BraccoThe Kase GroupMore Info
510-388-4438

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