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Walgreens | 9+yrs Corp Abs NNN w/ Incrs 104 W Butler Rd 14,465 SF Retail Building Mauldin, SC 29662 $6,920,972 CAD ($478.46 CAD/SF) 7.50% Cap Rate

Drug Stores South Carolina Mauldin 104 W Butler Rd, Mauldin, SC 29662

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INVESTMENT HIGHLIGHTS

  • Over 9 years remaining following a 10-year lease renewal and 9 (5-year) options to extend
  • Pin corner outparcel to Miracle Hill Center anchored by Ingles Market, featuring Ace Hardware, Take 5 Oil Change, First Citizen Bank, Wendy’s, & more
  • Located 20 minutes from downtown Greenville, supported by a population of over 135,603 residents and 72,209 employees in the 5-mile trade area
  • 5% rental increases every 5 years at the beginning of each option period
  • Located across from Mauldin Square (100,000+ SF) anchored by Publix with many national/credit tenants including a Chick-fil-A, Chipotle, & Starbucks
  • The subject property is the only Walgreens in Mauldin

EXECUTIVE SUMMARY

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Walgreens investment property located in Mauldin, South Carolina. The tenant, Walgreen Co., has over 9 years remaining on their original lease with 9 (5-year) options to extend, demonstrating their commitment to the site. The lease features 5% rental increases every 5 years at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for an out of state investor.

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,465 SF
Building Class
B
Year Built
2004
Price
$6,920,972 CAD
Price Per SF
$478.46 CAD
Cap Rate
7.50%
NOI
$519,106 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.81 AC
Zoning
C1 - Commercial
Parking
71 Spaces (4.91 Spaces per 1,000 SF Leased)
Frontage
117’ on W Butler Rd

AMENITIES

  • Corner Lot
  • Dedicated Turn Lane
  • Pylon Sign
  • Signage
  • Signalized Intersection
  • Drive Thru

MAJOR TENANTS Click Here to Access

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Retailer
  • 99,999 SF
  • -
  • Lorem Ipsum
  • Jan 0000

Walgreens is a trusted and convenient local health destination that millions of Americans rely on every day. Their founder, Charles R. Walgreen Sr., was known for finding new ways to connect with customers on a personal level and treating each person like a guest in his own home. For over a century, they have expanded that personal connection through their network of neighborhood pharmacies and their innovative health services and products. The foundation for all of this is their trusted pharmacy expertise, and their team members who provide essential care that helps people achieve better health outcomes at an affordable cost.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Retailer 99,999 SF - Lorem Ipsum Jan 0000

LINKS

1 1

NEARBY MAJOR RETAILERS

Starbucks
Publix
Ingles Markets
First Citizens Bank
Truist
Cook Out
Waffle House
Crunch Fitness
Bank of America
Ufc Gym

PROPERTY TAXES

Parcel Numbers
Multiple
  • M004.01-01-005.01
  • M004.01-01-005.03
  • M008.01-01-015.01
 Improvements Assessment $260,488 CAD
Land Assessment $102,358 CAD Total Assessment $362,846 CAD

PROPERTY TAXES

Parcel Numbers
Multiple
  • M004.01-01-005.01
  • M004.01-01-005.03
  • M008.01-01-015.01
Land Assessment
$102,358 CAD
Improvements Assessment
$260,488 CAD
Total Assessment
$362,846 CAD
(973) 632-1386

Still interested?

Contact the brokers for more information about this property

CONTACTS

  • Listing ID: 38007897

  • Date on Market: 2025-10-09

  • Last Updated:

  • Address: 104 W Butler Rd, Mauldin, SC 29662

The Retail Property at 104 W Butler Rd, Mauldin, SC 29662 is currently available for Sale. Contact SRS Real Estate Partners for more information.

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Walgreens | 9+yrs Corp Abs NNN w/ Incrs | 104 W Butler Rd
(973) 632-1386 x

Walgreens | 9+yrs Corp Abs NNN w/ Incrs | 104 W Butler Rd

Kyle Fant
(973) 632-1386

Britt Raymond
(929) 229-2614

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