SELLER FINANCING NNN Leased Walgreens | 2498 2nd Loop Rd
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SELLER FINANCING NNN Leased Walgreens 2498 2nd Loop Rd
14,438 SF Retail Building Florence, SC 29501 $4,750,000 ($329/SF) 7.05% Cap Rate
Investment Highlights
- Absolute NNN Lease
- Zero Landlord Obligations
- Hard Corner Location - 27,550 VPD
- Corporate Guaranty - NASDAQ:WBA
- Seller Financing Available
Executive Summary
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.
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.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,438 SF
Building Class
C
Year Built
2003
Price
$4,750,000
Price Per SF
$329
Cap Rate
7.05%
NOI
$334,992
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
1.73 AC
Parking
60 Spaces (4.15 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Drive Thru
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 90020-04-005 | Improvements Assessment | $170,717,586 |
| Land Assessment | $38,681,280 | Total Assessment | $209,398,866 |
PROPERTY TAXES
Parcel Number
90020-04-005
Land Assessment
$38,681,280
Improvements Assessment
$170,717,586
Total Assessment
$209,398,866
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SELLER FINANCING NNN Leased Walgreens | 2498 2nd Loop Rd
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