Top Performing Store
- This location is in the top 60th percentile of Walgreens in the State
- Very strong sales reporting
Attractive Assumable Debt
- Seller is offering interest-only assumable debt that is well below market interest rates (5.30%)
- 5 Years Remain on the Interest Only Loan
Located in Commercial Hub
- Over 4.7MSF of retail space is located within a 1-mile radius
- National tenants include: Walmart Supercenter, Target, Best Buy, Home Depot, and Lowes Home Improvement
- Less than 0.5 miles to Northwoods Mall, a 411K SF enclosed shopping center
Phenomenal Underlying Real Estate
- Subject site is located at the lighted intersection of Ashley Phosphate Rd (73.2K VPD) and Rivers Ave (42.6K VPD)
- Less than a half mile to I-26 (111k VPD), the main interstate to Charleston, SC
Investment Grade Tenant
- Absolute Net Lease signed with Walgreens Corporate
- Walgreens’ has over 9K locations
- Market Cap: $21.7B and credit rating of BBB (S&P)
Charleston MSA - High Growth
- Charleston, SC has had a 17.7% population change from 2010 to 2023
- Approximately 800K people live in the MSA