Walgreen's Drug Store -NNN Lease- RECESSION RESISTANT TENANT

1510 W O Ezell Boulevard, Spartanburg, SC

Market Price

Price

10,908 sqft

Building Size

1 acres

Lot Area

Overview
Building Size
10,908 sqft
Lot Area
1 acres
Occupancy
100%
Units
1
Year Built
2002
Description

Great opportunity to acquire a PRIME LOCATION WALGREEN's drug store with good sales and low rent to sales ratio. Walgreen's recently acquired this location from Rite Aid . True N, N, N lease with no landlord responsibilities.
The Lease ENDS 6/30/22. Walmart has no options. Good opportunity to renegotiate with Walgreens or another major tenant.......OR.....consider the property for redevelopment.

LOCATION,,LOCATION, LOCATION.. A GREAT LOCATION PROVIDES A GREAT REAL ESTATE INVESTMENT.
The property is located at Blackstock and WO Ezell being "THE" PRIME hard corner location in the busiest regional shopping area of Spartanburg. The property is an outparcel of a major shopping center featuring Office Depot, Longhorn Steakhouse and Dollar General. Immediate retailers include WALMART, Costco, Lowe's,Home Depot, Michael's, Ross and TJ Maxx amongst other national brand names.
Traffic counts are approximately 40,000 CPD on W O Ezell.

Highlights
  • RECESSION RESISTANT TENANT
  • PRIME, PRIME LOCATION
  • Absolute Net Lease - No Landlord responsibilities
  • Only national drug store in the immediate trade area
  • PRIME hard corner location - premier retail area -across from Walmart and Costco
Documents

Location