1101 Hwy 9 Bypass W Lancaster, SC 29720

Building Details

Year Built

2006

Listing office Drugstore Property Advisors

Listing date Aug 1, 2023

Source Crexi

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Investment Insights

Based on property information with market context.

This is a freestanding NNN Walgreens property located in the Charlotte MSA. Walgreens has been operating at this location since 2006. In 2020, Walgreens signed a new 15-year lease extension that includes five percent rental increases throughout the primary term and in each of the 12, five-year option periods. The property is situated at the corner of Highway 9 and Gillsbrook Rd within a retail area featuring Walmart, Home Depot, Harbor Freight, and Big Lots. The property size is 14820 square feet.

Key Highlights

• Freestanding NNN Walgreens in a fast‑growing Charlotte MSA.
• New 15‑year lease extension signed in 2020.
• Rental increases of five percent throughout the primary term and option periods.

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Similar Off Market Nearby

• American HomePatient — 112 N Woodland Dr E, Lancaster, SC 29720
• Walmart Pharmacy — 805 Hwy 9 Bypass W, Lancaster, SC 29720
• Brandi Guinyard — 805 hwy 9 bypass w, lancaster, sc 29720
• COVID-19 Drive-Thru Testing at Walgreens — 1101 Hwy 9 Bypass W, Lancaster, SC 29720
• Plexus Pharmacy — 703 N White St, Lancaster, SC 29720

FAQs

What type of property is this?

Drug store - NNN Walgreens in fast-growing Charlotte MSA with long-term lease.

Where is this drug store located?

The property is located at 1101 Hwy 9 Bypass W Lancaster, SC.

What is the asking price?

The asking price for this property is $4,235,000.

What are key features of this property?

This property features: Freestanding NNN Walgreens in a fast‑growing Charlotte MSA.; New 15‑year lease extension signed in 2020.; Rental increases of five percent throughout the primary term and option periods.