Walgreens

1903 S. Lake Drive, Lexington, SC
Deal Type:
Net Lease
Price:
$4,746,000
Cap Rate:
6.25%
Current Rent:
$296,400
Lease Type:
Triple Net
Landlord Responsibilities:
None
Lease Expiration Date:
Approx. 11.5 years
Renewal Options:
12, 5-year options
Building Sq. Ft.:
14,694 SF
Rent Increases:
5% every 5 years (Initial Term and Options)
Site Size:
2.03 Acres

Investment Highlights

  • Due to the strength of this location Walgreens executed a brand-new lease with increases throughout initial term and options – providing passive investment opportunity
  • Walgreens has been in this location since 2008 showing their long- term commitment to this location
  • Property located on a hard-corner signalized intersection with daily traffic count of more than 30,700 vehicles per day (combined at intersection)
  • Densely populated location with over 56,900 residents and household incomes with over $83,600 within a 5-mile radius from property
    Stream

Listing Agents

Connor Shell

Managing Director
407 913 9009
[email protected]

Jordan Koeppel

Senior Vice President
561 789 5504
[email protected]

Jordan Shtulman

Managing Principal
847 226 4133
[email protected]

Jonah Helbraun, Corridor Realty Group, South Carolina Lic: 137125

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