CVS Pharmacy | Corporate Guaranteed Investment

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30298795
Property Subtypes: Free-Standing Building, Street Retail, Other
Status: Pending
Building Size (RSF): 10,880 SF
Gross Building Area: See Agent
Gross Land Area: 1.39 Acres
Sale Price: $1,600,000
Unit Price: $147.06 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: CVS Pharmacy
Sale Terms: Cash to Seller
Cap Rate: 6.9%
Last Updated: 10/22/2018

Overview / Comments

This investment grade CVS is situated on 1.39+/- acres and positioned on a hard corner at the busy intersection of Dorchester Rd. & Bacons Bridge Rd. (26,200VPD) in Summerville, SC. Lease is corporate guaranteed by the Tenant.

Adjacent to Sunoco, Exxon, and Walmart. Neighboring multi-tenant retail building is at 100% occupancy and includes dry good retailers, service oriented retailers, and eateries.

Bacons Bridge Road (US-165) is the main corridor from Summerville running through the 72,000+/- acre East Edisto project landing in Ravenel, SC at the intersection of HWY 17 South & US-165. Excellent opportunity to invest ahead of the game and in the path of progress.

Additional Details

Nearest MSA: Charleston-North Charleston
County: Dorchester
Submarket/Township: 62 - Summerville/Ladson Area to Hwy.165
Tax ID/APN: 152-16-01-015
Zoning: CG - General Commercial District
Property Visibility: Excellent
Traffic/Vehicle Count: 28,300
Tenancy: Single Tenant
Property Condition: Average
Year Built: 2001
Parking Type: Surface
Zoning Description: CG - Commercial General in Dorchester County
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,299 47,392 111,248
Median Age: 38.96 36.92 35.53
Households: 3,028 18,186 41,499
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