Walgreens Investment Opportunity

Retail-Commercial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30246883
Property Subtypes: Convenience Store, Free-Standing Building
Status: Pending/Contingent
Building Size (RSF): 14,550 SF
Gross Building Area: See Agent
Sale Price: $8,400,000
Unit Price: $577.32 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Other
Cap Rate: 5.5%
Last Updated: 10/12/2018

Overview / Comments

Lee & Associates is exclusively offering for sale this 14,550 SF Walgreens facility at 7501 Rivers Avenue, North Charleston, South Carolina. This represents a unique investment opportunity to own a currently operating Walgreens in an A+ location at the corner of Rivers Avenue and Ashley Phosphate Road 1/4 mile from I-26 in the growing North Charleston submarket. Annual rent is $468,999.96.

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 32 - N.Chas./Summerville outside I-526
Tax ID/APN: 484-16-00-031
Retail Clientele: General, Family, Business, Traveler, Tourist
Property Visibility: Excellent
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 14,550 SF
Property Condition: Excellent
Year Built: 2011

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,591 65,218 135,064
Median Age: 29.4 31.55 32.39
Households: 4,823 25,063 50,884
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