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Views: 114 DOM: 241 Updated: 11.07.24 Posted: 04.05.24 Status: Active

Summary

Price $4,580,000
Built/Renov 2006
Tenant Walgreens
Cap Rate 7.25%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 14,820
Lease Start 06-18-2007
#Units 13,532
Price/SF $331.88
Expiration 06-30-2032
Tenant Type Pharmacy
NOI $332,000
R. Term 7.7
Ownership Fee Simple
Rent/SF $22.40
Increases 0.0%/0/yrs
Pop 5Mi 119,655
Lot/AC 2.36
Options 50/1yrs
AHHI 5Mi $69,224

Lease Highlights

  • Walgreens has been operating in this location since 2007
  • The tenant has 7+ years remaining on the current lease term with 50 (1-year) options to extend
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Walgreens is strategically located on Charlestown Highway, with access to 32,900 vehicles passing by daily. The property benefits from its location within a robust retail corridor surrounded by well-known national retailers including Walmart, Dollar General, U-Haul, AutoZone, McDonald’s, and more. Additionally, within 5 miles of the site is the Columbia Metropolitan Airport, the primary...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Walgreens is an American company that operates the second-largest pharmacy store chain in the United States. It specializes in filling prescriptions, health and wellness products, health...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 6,411 46,547 123,286
2023 Total Population : 6,336 45,286 119,655
2023 Employed Civilian Pop : 2,877 20,126 56,366
2023 Total Businesses : 431 2,538 7,816
2023 Average Household Income : $ 61,532 $ 66,044 $ 69,224
2023 Total Consumer Spending : $ 157 M $ 1195 M $ 3227 M
2023 Median Age : 40 33 32
2023 Total Households : 2,917 20,568 53,212
2023 Pop Age 25+: Bachelor's Degree : 1,028 6,228 18,187
2023 Average Home Value : $ 182,807 $ 198,867 $ 228,662
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Middleton Street Grover St 2022 2,700 0.08 mi
Airport Boulevard Glenn St 2021 9,700 0.16 mi
Lafayette Avenue Lowe St 2021 2,300 0.29 mi
Lafayette Avenue State St 2022 2,300 0.29 mi
Charleston Highway Beckham St 2022 24,200 0.39 mi
Glenn Street Airport Blvd 2022 2,800 0.40 mi
Glenn Street Charleston Hwy 2021 2,600 0.40 mi
Dunbar Road Benton Cir 2022 1,800 0.45 mi
Charleston Highway Fairlawn Cir 2022 12,900 0.55 mi
Wilkinson Street Abbott Rd 2022 1,500 0.60 mi

Listing Broker

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