This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Walgreens 1401 Chapin Rd
10,752 SF Retail Building Chapin, SC 29036 $2,150,405 ($200/SF) 7.65% Cap Rate
Investment Highlights
- Positioned within the Columbia MSA – Ranked #72 in the United States for population size
- Walgreens assumed and extended the existing lease at this location
- Low rent figure compared to other national pharmacy locations
- New roof in 2024
- 10 years remaining on the primary term
- Rental escalations in the renewal options
Executive Summary
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.
Property Facts
Amenities
- Pylon Sign
- Drive Thru
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
-
- Retailer
- -
- -
- May 2034
Walgreens is a trusted and convenient local health destination that millions of Americans rely on every day. Their founder, Charles R. Walgreen Sr., was known for finding new ways to connect with customers on a personal level and treating each person like a guest in his own home. For over a century, they have expanded that personal connection through their network of neighborhood pharmacies and their innovative health services and products. The foundation for all of this is their trusted pharmacy expertise, and their team members who provide essential care that helps people achieve better health outcomes at an affordable cost.
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
|
|
Retailer | - | - | May 2034 |
PROPERTY TAXES
| Parcel Number | 000723-02-010 | Improvements Assessment | $0 |
| Land Assessment | $19,134 | Total Assessment | $19,134 |
PROPERTY TAXES
-
John Feeney -
Jimmy Goodman -
The Boulder Group
Presented by
Walgreens | 1401 Chapin Rd
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.