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NNN Walgreens "15% cash on cash" *possible 2498 2nd Loop Rd 14,438 SF Retail Building Florence, SC 29501 $5,341,687 CAD ($369.97 CAD/SF) 8.63% Cap Rate
EXECUTIVE SUMMARY
Triple net Walgreens lease expiration 2079 with option to terminate June 30, 2028.
Very attractive seller financing: 30% down, 70% loan at 5.25% interest only due five years.
Contact asset manager, Ed Schmidt at 415-673-0218 or edschmidt101@icloud.com.
Very attractive seller financing: 30% down, 70% loan at 5.25% interest only due five years.
Contact asset manager, Ed Schmidt at 415-673-0218 or edschmidt101@icloud.com.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,438 SF
Building Class
C
Year Built
2003
Price
$5,341,687 CAD
Price Per SF
$369.97 CAD
Cap Rate
8.63%
NOI
$460,970 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
1.73 AC
Parking
60 Spaces (4.15 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Pylon Sign
- Drive Thru
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 90020-04-005 | Improvements Assessment | $245,686 CAD |
| Land Assessment | $61,320 CAD | Total Assessment | $307,006 CAD |
PROPERTY TAXES
Parcel Number
90020-04-005
Land Assessment
$61,320 CAD
Improvements Assessment
$245,686 CAD
Total Assessment
$307,006 CAD
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Schmidt Property Group
NNN Walgreens "15% cash on cash" *possible | 2498 2nd Loop Rd
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