Walgreens With Strong Sales Reporting
Strong Sales Steadily Increasing | Top 11% Most-Visited Walgreens In South Carolina (Placer.ai)
Marketing description
Surmount is pleased to present the exclusive listing for a Walgreens located at 9001 Two Notch Rd, Columbia, SC 29223. The site consists of roughly 14,620 rentable square feet of building space on an estimated 1.71-acre parcel of land. This Walgreens is subject to a 25-year Triple Net (NNN) lease, which commenced 5/1/2009. The current annual rent is $456,000.
Investment highlights
Absolute Triple-Net (NNN) Lease | Zero (0) Landlord Responsibilities | The property is subject to an absolute triple-net lease with zero landlord responsibilities, offering a future landlord with a truly passive income stream.
Original Long-Term Twenty-Five (25)-Year Lease | Approximately 8.5 Years Remaining | Fifty (50), One (1)-Year Options | The property was original build-to-suit construction for the tenant who signed a twenty-five year lease with the landlord commencing in 2009. There are approximately 8.5 years of lease term remaining.
Strong Store Sales Reporting | Contact Listing Agents For Additional Information | The lease of the subject property features store sales reporting and a percentage rent clause if the tenant’s reported store sales reach a certain threshold.
1.72-Acre Lot | 14,620-Square Foot Building | 64 Parking Spaces | Left/Right Access Along Both Rabon Rd & Two Notch Rd | The subject property is a 14,620 square-foot building situated on a signalized hard-corner lot with a drivethru. There are two access points along Two Notch Rd and Rabon Rd.
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