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11+ cap !! NNN Walgreens 2498 2nd Loop Rd 14,438 SF Retail Building Florence, SC 29501 $4,203,782 CAD ($291.16 CAD/SF) 11.17% Cap Rate
Investment Highlights
- Long term net lease structure supported by a nationally recognized pharmacy retailer with an essential service customer base.
- Surrounded by a robust mix of national and regional retailers that reinforce destination traffic and support long-term investment stability.
- Positioned along a well-traveled Florence retail corridor with consistent daily traffic from established neighborhoods and nearby commercial clusters.
- Benefit of a true NNN lease framework offering minimal landlord responsibilities and predictable passive income.
Executive Summary
this price = quick close.
NNN Walgreens. Good corner location. 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.
NNN Walgreens. Good corner location. 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
B
Year Built
2003
Price
$4,203,782 CAD
Price Per SF
$291.16 CAD
Cap Rate
11.17%
NOI
$469,364 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
Moderately walkable
60/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 90020-04-005 | Improvements Assessment | $250,462 CAD |
| Land Assessment | $62,512 CAD | Total Assessment | $312,974 CAD |
Property Taxes
Parcel Number
90020-04-005
Land Assessment
$62,512 CAD
Improvements Assessment
$250,462 CAD
Total Assessment
$312,974 CAD
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Presented by
Schmidt Property Group
11+ cap !! NNN Walgreens | 2498 2nd Loop Rd
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