1101 Highway 9 BypLancaster, SC 29720

Property Details for 1101 Highway 9 Byp

Year built

2006

Construction

STEEL FRAME

Lot size

2.26 AC

Property size (Sq ft)

14,820 SF

Zone code

CITY

Property type

Drug stores

APN

0067F-0D-001.01

APU

0067F0D00101

Description

This exceptional investment opportunity presents a fee-simple, single-tenant, 14,820 square foot Walgreens located at 1101 Hwy 9 Bypass W, Lancaster, SC 29720. The property sits on a 2.25-acre lot and boasts a 100% occupancy rate with a corporate guarantee from Walgreens. Built in 2006, this freestanding building benefits from a long-term lease with 12.5 years remaining. The lease includes favorable terms, featuring 5% rent bumps every 5 years, and a preferred 5-year option structure. The property generates a substantial net operating income (NOI) of $313,745, resulting in an attractive 5.75% cap rate. Strategically positioned in a high-traffic area with a daily traffic count of 20,000, this location enjoys proximity to major retailers such as Walmart, Home Depot, Harbor Freight, and Big Lots. Its convenient location is also just a two-minute drive from the University of South Carolina's Lancaster campus and Founders Federal Credit Union's corporate headquarters. This absolute net lease structure ensures minimal landlord responsibilities, making it an ideal investment for passive income seekers. The asking price is $5,460,000, translating to a price per square foot of $368.42. Lancaster is situated within the Charlotte MSA, a rapidly growing metropolitan area. This property offers a compelling combination of strong tenant, long-term lease, and excellent location.

Location Insight

City

Lancaster

County

Lancaster

State

South Carolina

Latitude

34.7341

Longitude

-80.7898

CBSA code

16740

CBSA name

CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].