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Walgreens - seller financing - high cash flow 2498 2nd Loop Rd 14,438 SF Retail Building Florence, SC 29501 $5,523,088 CAD ($382.54 CAD/SF) 8.37% Cap Rate

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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.

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
$5,523,088 CAD
Price Per SF
$382.54 CAD
Cap Rate
8.37%
NOI
$462,308 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
104’ on 2nd Loop Rd

AMENITIES

  • Pylon Sign
  • Drive Thru
  • Air Conditioning

NEARBY MAJOR RETAILERS

Walmart Neighborhood Market
First Bank NC
Checkers
Harris Teeter
Food Lion
PNC Bank
McAlister's Deli
Five Guys
Starbucks
Hwy 55 Burgers Shakes & Fries

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
90020-04-005
Land Assessment
$62,443 CAD
Improvements Assessment
$250,188 CAD
Total Assessment
$312,631 CAD
  • Listing ID: 35608545

  • Date on Market: 2025-04-23

  • Last Updated:

  • Address: 2498 2nd Loop Rd, Florence, SC 29501

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