For Sale
$4,333,333

1106 John C Calhoun DrOrangeburg, SC 29115

High-yield Walgreens NNN lease, SC.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a fee-simple ownership of a 14,600-square-foot Walgreens located at 1106 John C Calhoun Dr, Orangeburg, SC 29115. The property, built in 2008, sits on a 1.12-acre lot at a signalized intersection experiencing high traffic volume. The single-tenant building is currently 100% occupied under an absolute NNN lease with Walgreens, a credit-rated tenant with a corporate guarantee. The lease commenced January 1, 2008, and has a remaining term of approximately 8.1 years, expiring January 1, 2033. The current asking price is $4,333,333, representing a price per square foot of $296.80 and a 7.50% cap rate based on a net operating income (NOI) of $324,996. The lease includes multiple options, offering long-term stability and predictable cash flow. This investment provides a passive income stream with minimal landlord responsibilities, secured by a strong, established tenant with a significant market presence. The property's prime location and long-term lease make it an attractive addition to any portfolio. The building is a single-story structure.

Highlights

  • Triple Net (NNN) Lease; no landlord responsibilities.
  • Corporate guarantee provided.
  • Long-term lease in place.
  • 15+ years of operational history.
  • High-visibility location on a signalized hard corner.

Property Details for 1106 John C Calhoun Dr

Property type
Retail properties, Drug stores
Square Feet
14,600 SF
Year Built
2008
Buildings
1
Stories
1
Lot Size (sq. ft)
48,787 SF
Units
1

Location Insight

City
Orangeburg
County
Orangeburg
State
South Carolina
Latitude
33.4866313
Longitude
-80.863928
1106 John C Calhoun Dr, Orangeburg, South Carolina

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1106 John C Calhoun Dr
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