1005 Governor Williams HwyDarlington, SC 29532

Property Details for 1005 Governor Williams Hwy

Lot size

0.91 AC

Property type

Land

Property subtype

Commercial land

APN

166-00-02-017

APU

1660002017

Description

This exceptional investment opportunity presents a 12,615-square-foot Walgreens, a Class A, single-tenant, absolute NNN net lease property located in Darlington, South Carolina. The property, built in 2006 and situated on a 2.18-acre lot at a signalized intersection of S Governor Williams Hwy and S Main Street, boasts exceptional visibility and high traffic counts (22,777 vehicles daily). The Walgreens lease, commencing June 2, 2021, and expiring June 29, 2034, offers a substantial remaining term of 12 years with attractive 5% rent bumps every five years. The property enjoys a 100% occupancy rate, generating a strong net operating income (NOI) of $222,300 and a 5.00% cap rate. The tenant, Walgreens, is credit-rated, providing a corporate lease guarantee and minimizing landlord responsibilities. This prime retail location benefits from its position near other national tenants such as Walmart, O'Reilly Auto Parts, Tractor Supply Co, CVS, and Food Lion, and is the only Walgreens in town, ensuring limited competition. The property's strategic location and strong tenant history make it an ideal addition to any investment portfolio. The asking price is $4,446,000.

• Alternative Use

  Use

  Valuation

  Residential

  $8,656,781

  Hospitality

  $7,929,565

  Educational

  $6,597,305

  Medical

  $6,824,196

  Retail

  $10,262,474

Location Insight

City

Darlington

County

Darlington

State

South Carolina

Latitude

34.2836

Longitude

-79.8558

CBSA code

22500

CBSA name

FLORENCE, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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