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Walgreens 5312 Calhoun Memorial Hwy 14,550 SF Retail Building Easley, SC 29640 $5,100,000 ($350.52/SF) 7.06% Cap Rate
EXECUTIVE SUMMARY
Absolute NNN Lease: Absolute net lease provides an investment opportunity with ZERO landlord responsibilities attached
Lease Term: With ±7.25 years remaining on the lease, and an additional 50 years in option periods, this property provides long term investment security potential
Excellent Demographics: With a 1-mile radius average household income of $73,526, and a 10-mile population density in excess of 200,000 people, this property’s location is ideally situated to serve a strong customer base
Established Retail Pharmaceutical Provider: Walgreens currently operates over 8,700 retail locations throughout the United States, including in Puerto Rico and the US Virgin Islands
Strategic Location: This property is strategically located on Easley’s main retail corridor, the bustling Calhoun Memorial Highway (US 123) with ±38,000 VPD, and is closely situated to strong retail presences, such as Walmart, Sam’s Club, Chick-fil-A, Publix, Starbucks, Lowe’s, Home Depot, Academy Sports, and Marshalls
Rapidly Developing Market: Greenville, and its greater area, have gained recognition as a major destination for relocation and a rapidly growing market, attracting major employers like BMW Manufacturing, Michelin North American Headquarters, GE, Lockheed Martin, Tesla, and many more
Lease Term: With ±7.25 years remaining on the lease, and an additional 50 years in option periods, this property provides long term investment security potential
Excellent Demographics: With a 1-mile radius average household income of $73,526, and a 10-mile population density in excess of 200,000 people, this property’s location is ideally situated to serve a strong customer base
Established Retail Pharmaceutical Provider: Walgreens currently operates over 8,700 retail locations throughout the United States, including in Puerto Rico and the US Virgin Islands
Strategic Location: This property is strategically located on Easley’s main retail corridor, the bustling Calhoun Memorial Highway (US 123) with ±38,000 VPD, and is closely situated to strong retail presences, such as Walmart, Sam’s Club, Chick-fil-A, Publix, Starbucks, Lowe’s, Home Depot, Academy Sports, and Marshalls
Rapidly Developing Market: Greenville, and its greater area, have gained recognition as a major destination for relocation and a rapidly growing market, attracting major employers like BMW Manufacturing, Michelin North American Headquarters, GE, Lockheed Martin, Tesla, and many more
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
14,550 SF
Building Class
B
Year Built
2007
Price
$5,100,000
Price Per SF
$350.52
Cap Rate
7.06%
NOI
$360,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.87 AC
Zoning
GC - GC (General Commercial) City of Easley
Parking
75 Spaces (5.15 Spaces per 1,000 SF Leased)
AMENITIES
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 5039-13-02-7676 | Improvements Assessment | $192,010 |
| Land Assessment | $120,000 | Total Assessment | $312,010 |
PROPERTY TAXES
Parcel Number
5039-13-02-7676
Land Assessment
$120,000
Improvements Assessment
$192,010
Total Assessment
$312,010
CONTACTS
-
Robert Schmidt, CCIM -
Peter Couchell, CCIM -
Lawrence Myers -
NAI Earle Furman LLC
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Walgreens | 5312 Calhoun Memorial Hwy
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