Retail    

Walgreens

 Columbia, SC

Asking Price

$4,992,000

Cap Rate

6.25%

Icons_AbsNNN-Icon

Abs. NNN Lease

Passive Investment

Icon_guarantee_shield-1

Corporate Guarantee

Walgreens Corporate

Icons_Lease-Icon

Long-Term Lease

6+ Years

calendar-lease-white

Operating History

15+ Years

For more details on this exclusive listing

By submitting the form, you agree to the terms and conditions of our Confidential Disclaimer.

INVESTMENT HIGHLIGHTS

  • Absolute NNN Lease - No Landlord Responsibilities - This lease features zero landlord responsibilities, creating a passive armchair investment for a cash flow-driven investor. NNN leases are especially attractive for those seeking management-free investment opportunities.        
  • Corporate Guarantee - The lease is guaranteed by Walgreens corporate, creating security of rental payments.
  • Long-Term Lease with Built-in Rental Increases - Walgreens has over 6 years of firm term left on the lease and options to extend until 2080. 
  • 15-Year+ Operating History - Walgreens has operated at this location since 2005 and has proven to be a successful location for the company.
  • Premier South Carolina Market - Home to the University of South Carolina, Columbia has seen consistent growth and investment over the last decade. 
  • Signalized Corner - The property is located at the corner of St. Andrews Road and Broad River Road, a signalized hard corner, that provides optimal visibility and accessibility for the over 50K cars passing each day. 

Exclusively Listed By

Jason Maier

Senior Vice President
  jmaier@northmarq.com      646.841.0627

Shaan Dadlani

Associate, Investment Sales
  sdadlani@northmarq.com      646.845.8426
SC Lic. # 133497

Ashley Wilhide

Lead Operations Analyst
  awilhide@northmarq.com      646.845.8424

Northmarq

120 W 45th St, Suite 2610
New York City, NY 10036
P: +1 646.778.5560


northmarq.com