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Walgreens 1401 Chapin Rd
10,752 SF Retail Building Chapin, SC 29036 $3,020,631 CAD ($281 CAD/SF) 7.65% Cap Rate
Investment Highlights
- Positioned within the Columbia MSA – Ranked #72 in the United States for population size
- Walgreens assumed and extended the existing lease at this location
- Low rent figure compared to other national pharmacy locations
- New roof in 2024
- 10 years remaining on the primary term
- Rental escalations in the renewal options
Executive Summary
Columbia MSA in Chapin, South Carolina. The subject property has been operating as a pharmacy location since its construction in
1997. In 2018, Walgreens assumed the lease from Rite Aid and extended it through May 2034. There are two 5-year renewal options
remaining with 3% rent escalations in each. This location also features a drive-through pharmacy and a low rent figure compared
to other national pharmacy locations. A new roof was installed in 2024.
The 10,752 square-foot building benefits from its position along US Highway 76 (AKA Chapin Road) which experiences over
13,400 vehicles per day. The subject property is surrounded by an affluent population of 37,835 people within a 7-mile radius. That
population earns an annual income of $137,073 per household. Tenants supporting the area alongside Walgreens include Publix,
Food Lion, Lowes Foods, Wells Fargo, TD Bank, O’Reilly Auto Parts, Anytime Fitness, Dollar General, Jersey Mike’s, and several others.
Additionally, the property is located within proximity to Chapin High School which has over 1,500 students enrolled.
Walgreens is included in the Retail Pharmacy USA Division of Walgreens Boots Alliance, Inc., a global leader in retail pharmacy.
As America’s most loved pharmacy, health and beauty company, Walgreens purpose is to champion the health and wellbeing of
every community in America. Operating more than 9,000 retail locations across America, Puerto Rico and the U.S. Virgin Islands,
Walgreens is proud to be a neighborhood health destination serving approximately 8 million customers each day. Walgreens
pharmacists play a critical role in the U.S. healthcare system by providing a wide range of pharmacy and healthcare services.
Property Facts
Amenities
- Pylon Sign
- Drive Thru
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
-
- Retailer
- -
- -
- May 2034
Walgreens est une destination de santé locale fiable et pratique sur laquelle des millions d'Américains comptent chaque jour. Leur fondateur, Charles R. Walgreen père, était connu pour avoir trouvé de nouvelles façons de communiquer avec les clients sur un plan personnel et pour traiter chaque personne comme un invité dans sa propre maison. Depuis plus d'un siècle, ils ont élargi ce lien personnel grâce à leur réseau de pharmacies de quartier et à leurs produits et services de santé novateurs. Le fondement de tout cela repose sur leur expertise pharmaceutique de confiance et les membres de leur équipe qui fournissent des soins essentiels qui aident les gens à obtenir de meilleurs résultats en matière de santé à un coût abordable.
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
|
|
Retailer | - | - | May 2034 |
PROPERTY TAXES
| Parcel Number | 000723-02-010 | Improvements Assessment | $0 CAD |
| Land Assessment | $26,910 CAD | Total Assessment | $26,910 CAD |
PROPERTY TAXES
-
John Feeney -
Jimmy Goodman -
The Boulder Group
Presented by
Walgreens | 1401 Chapin Rd
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