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511 S Hampton St
Kershaw, SC 29067

$970,000 USD

Drugstore For Sale  •  11,200 SF

Property Details

  • Property Type Drugstore
  • Total Building Size 11,200 SF
  • Lot Size 1.22 AC
  • Building Class B
  • Year Built 1997
  • Tenancy Single
  • Zoning KER
40 Walk Score

Highlights

Double-Digit 10.00% Cap Rate at an Attractive Price Point – Offered at just $970,000, this investment provides investors with a rare opportunity
Established Long-Term Drugstore Location Since 1996 – This property has successfully operated as a national drugstore location since 1996
Landlord Responsibilities: Roof, foundation, structural components, exterior walls, sprinkler system, and utility lines located outside the premises
Tenant Responsibilities - General interior maintenance and repair of the premises, including routine upkeep, and plate glass replacement
Walgreens – One of the Nation's Leading Pharmacy Retailers – Walgreens is one of the largest pharmacy chains in the United States
Strong Built-In Rental Growth – Annual base rent remains at $97,000 through November 2031, then increases 44.2% to $139,884

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 45
Type: Surface
Included in Rent: Yes
Deno Bistolarides 248-702-0288 Encore Real Estate Investment Services
Deno Bistolarides 248-702-0288 Encore Real Estate Investment Services