Overview

Description

PROPERTY DESCRIPTION
The Kase Group is pleased to present the opportunity to acquire an absolute NNN Leased Walgreens located in Florence, South Carolina. The building consists of 15,500 square feet situated on a 1.73 acre lot. The lease expires in 2078 with a termination option in June 2028. This Walgreens benefits from its hard corner location and exposure to 27,550 vehicles per day on the corner of 2nd Loop Rd and State Rd S-21-29. The site is located minutes from Magnolia Mall, a 613,500 square feet Retail Center and surrounded by various businesses in the area.

LOCATION DESCRIPTION
Florence is a city in and the county seat of Florence County, South Carolina, United States. It lies at the intersection of Interstates 20 and 95 and is the eastern terminus of the former. It is the primary city within the Florence metropolitan area. The area forms the core of the historical Pee Dee region of South Carolina, which includes the eight counties of northeastern South Carolina, along with sections of southeastern North Carolina. As of the 2020 census, the population of the city was 39,899, making it the 10th-most populous city in the state.

Highlights

• Absolute NNN lease
• S&P Rated BBB- Investment Grade Credit
• Corporate guaranty - NASDAQ:WBA
• Zero landlord obligations
• Seller financing available
• Hard corner location - 27,550 VPD
• Minutes from Magnolia Mall - 613,500 SF retail center
• Surrounded by various businesses in the area

Documents

---