2008 Laurens Rd, Greenville, SC 29607 For Sale

LONG TERM LEASE: Walgreens has 8+ years remaining on their absolute triple net lease followed by fifty (50), 1-year renewal options.

ZERO MANAGEMENT RESPONSIBILITIES: The Walgreens lease is absolute triple net and requires zero management responsibilities making it an attractive fee simple investment for the passive real estate investor.

CORPORATE LEASE: The lease is fully guaranteed by Walgreens corporate. Walgreens’ parent, Walgreens Boot Alliance (NYSE: WBA), is a publicly traded company and reported 2024 sales of $147.7 billion.

STRATEGIC RETAIL LOCATION: The Property enjoys a highly visible corner parcel at the signalized intersection of Parkins Mill Road and Laurens Road (US Route 276), one of the area’s primary commercial and commuter corridors. The Property enjoys outstanding access to Greenville Downtown Airport (1.5-miles), Haywood Mall (2.2-miles), and Downtown Greenville (2.5-miles), and is convenient to the area’s primary roadways including Interstates 385 (1.7-miles) & 85 (2.1-miles), and UR Route 29 (2.7-miles). Walgreens is also convenient to area residential neighborhoods, Greenville Technical College (1.3-miles), and Bob Jones University (2.8-miles), all of which provide a captive consumer base.

AREA ECOMONY: The economy of Greenville is diverse and dynamic, anchored by a strong manufacturing sector. The city has attracted numerous multinational companies, including BMW, Michelin, and GE, which have established major operations in the region. Greenville's location along the I-85 corridor and its proximity to the Port of Charleston make it a strategic hub for logistics and supply chain operations. Additionally, the area has a growing technology and innovation sector, supported by institutions like Clemson University and its International Center for Automotive Research (CU-ICAR).

RETAIL TRADE AREA: Additional national retailers drawing traffic to the trade area include Haywood Mall, Publix, Food Lion, The Fresh Market, Rainbow Shops, Office Depot, Gabe’s, Michaels, PetSmart, Sky Zone, Camelot Cinemas, CVS, O’Reilly Auto Parts, AutoZone, Firestone, Take 5 Oil Change, Napa Auto Parts, Midas, Family Dollar, Starbucks, Chipotle, Chili’s, Cava, Chick-fil-A, Panera, Burger King, Arby’s, Bojangles, Zaxby’s, Applebee’s, Olive Garden, Waffle House, Hooters, Culver’s, Church’s Chicken, Krispy Kreme, Cook Out, Subway,

TRAFFIC COUNTS: More than 53,100 vehicles pass the property daily at the signalized intersection of Laurens Road (US Route 276) and Parkins Mill Road.

STRONG DEMOGRAPHICS: Approximately 73,200 people live within 3-miles of the Property with an average household income of $133,475 and an impressive 183,300 people live within 5-miles of the Property. Additionally, there are more than 128,800 employees within 5-miles of the Property.