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Walgreens 511 S Hampton St 11,200 SF Retail Building Kershaw, SC 29067 $1,372,647 CAD ($122.56 CAD/SF) 10% Cap Rate
Investment Highlights
- Double-Digit 10.00% Cap Rate at an Attractive Price Point – Offered at just $970,000, this investment provides investors with a rare opportunity
- Landlord Responsibilities: Roof, foundation, structural components, exterior walls, sprinkler system, and utility lines located outside the premises
- Walgreens – One of the Nation's Leading Pharmacy Retailers – Walgreens is one of the largest pharmacy chains in the United States
- Established Long-Term Drugstore Location Since 1996 – This property has successfully operated as a national drugstore location since 1996
- Tenant Responsibilities - General interior maintenance and repair of the premises, including routine upkeep, and plate glass replacement
- Strong Built-In Rental Growth – Annual base rent remains at $97,000 through November 2031, then increases 44.2% to $139,884
Executive Summary
Double-Digit 10.00% Cap Rate at an Attractive Price Point – Offered at just $970,000, this investment provides investors with a rare opportunity to acquire a nationally recognized drugstore asset at a compelling basis with an attractive double-digit going-in yield.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
11,200 SF
Building Class
B
Year Built
1997
Price
$1,372,647 CAD
Price Per SF
$122.56 CAD
Cap Rate
10%
NOI
$137,265 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
1.22 AC
Zoning
KER
Parking
45 Spaces (4.02 Spaces per 1,000 SF Leased)
Frontage
213’ on Hampton St
Fairly walkable
40/100
Very drivable
80/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0156O-0J-005.00 | Improvements Assessment | $104,371 CAD |
| Land Assessment | $6,766 CAD | Total Assessment | $111,136 CAD |
Property Taxes
Parcel Number
0156O-0J-005.00
Land Assessment
$6,766 CAD
Improvements Assessment
$104,371 CAD
Total Assessment
$111,136 CAD
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Walgreens | 511 S Hampton St
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