24-Hour Drugstore with Absolute NNN
For Sale
Contact for pricing
1120 N Main St, Summerville, SC 29483
Corporate-backed pharmacy with continuous store and prescription operations in a major Summerville retail corridor.
Property SizeContact for details
Days on Market143
Property Features for 1120 N Main St
General Information
Standard status
Active
Property subtype
Retail
Additional Details
Asking Price
$9,800,000
Building Details
Tenancy
Single
Listing Agency:
Pharma Property Group
(619) 297-0055
Listed By:
Jason Pongsrikul · License #CA 01918332
Source:
Crexi
Added: Apr 12
Changed: Aug 31
Last Checked: Aug 30 at 2:15PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Pharma Property Group
Investment Insights
Based on property information with market context.
This Walgreens drugstore operates around the clock, including its pharmacy, and provides medication compounding along with beer and wine sales. The property is leased on an absolute net basis, with no landlord responsibilities stated. The lease has 15 years remaining, includes 12 five-year renewal options, and provides 5% increases every five years during both the primary term and options. Walgreens parent corporate provides the income guarantee and carries an S&P BBB- investment-grade rating.
The store is positioned at 1120 N Main St in Summerville, within the Charleston-North Charleston Metropolitan Statistical Area. North Main Market and Azalea Square surround the property with approximately 1.5 million square feet of combined retail space. Nearby national retailers include Dick's Sporting Goods, Walmart Supercenter, Lowe's, Best Buy, Target, Kohl's, World Market, and Home Depot. Interstate 26 records traffic counts exceeding 77,000 vehicles per day in the immediate area.
The store is positioned at 1120 N Main St in Summerville, within the Charleston-North Charleston Metropolitan Statistical Area. North Main Market and Azalea Square surround the property with approximately 1.5 million square feet of combined retail space. Nearby national retailers include Dick's Sporting Goods, Walmart Supercenter, Lowe's, Best Buy, Target, Kohl's, World Market, and Home Depot. Interstate 26 records traffic counts exceeding 77,000 vehicles per day in the immediate area.
Key Highlights
- Walgreens store and pharmacy operate 24 hours a day
- Absolute net lease with no landlord responsibilities
- 15 years remaining with 12 five‑year options
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
420
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 29483, SC
56,778
Population
23,133
Households
2.5
Avg Household Size
38
Median Age
30%
College-Educated
92%
High-School Grad
53.3 sq mi
ZIP Area
1,065
Density / Sq Mi
$82,194
Median Household Income
$42,929
Median Earnings
$1,220
Median Rent
$303,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Drug store - Corporate-backed pharmacy with continuous store and prescription operations in a major Summerville retail corridor.
Where is this drug store located?
The property is located at 1120 N Main St Summerville, SC.
What are key features of this property?
This property features: Walgreens store and pharmacy operate 24 hours a day; Absolute net lease with no landlord responsibilities; 15 years remaining with 12 five‑year options
