501 N Harper St - Drug Store FOR SALE


Laurens, SC 29360
$1,400,000 USD
541-880-6050
501 N Harper St, Laurens, SC for Sale
$1,400,000 USD
Drug Store - FOR SALE
1/3
null | Request Cap Rate

501 N Harper St
Laurens, SC 29360


HIGHLIGHTS

  • Value-Add Investment Opportunity: The subject property is a Dark Walgreens paying $223,426 on an absolute NNN lease expiring 9/7/28
  • If a prospective buyer purchases with the Walgreens in-place, the buyer could collect income until the property is re-tenanted
  • Opportunity for Developer Representing a Tenant or Owner/User
  • The Subject Property is Equipped with a Drive Thru
  • Hard-Corner Signalized Intersection with Access from Both Hillcrest Drive and Harper Street | Offered Significantly Below Replacement Cost
  • Growing Laurens County Suburb: Over 52.40% population growth in a 3-mile radius between 2010 and 2020 and another 3.20% projected by 2028

OVERVIEW

Hard-Corner Signalized Intersection | Value-Add Investment Opportunity | Corporate Lease (NASDAQ: WBA; S&P: BBB-)

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$125 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens | Laurens, SC

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

57

LAND DETAILS

LAND ACRES

1.37 AC

LAND SF

59,677 SF

ZONING

B3

APN/PARCEL ID

906-12-09-010

ASK ABOUT THIS PROPERTY

Jacob FahnerHanley Investment GroupMore Info
541-880-6050

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Jacob FahnerHanley Investment GroupMore Info
541-880-6050

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