1115 Old Towne Rd Charleston, SC 29407

This 10,908 square foot Walgreens property is located at 1115 Old Town Road in Charleston, SC. The NNN lease includes limited landlord responsibilities. The property features a rare 14.83% rental increase at the end of the remaining term and approximately 1.6% rent bumps on each of the option periods. The long-term tenant has been operating at this location since 1998. The property is positioned on a corner lot at a highly trafficked intersection near downtown Charleston, with easy access from major roads and highways, including proximity to Highway 17. The location has a dense population base with over 139,000 people within 5 miles and an affluent trade area with over $103,000 average household income within a 3-mile radius. Nearby retailers include Coastal Cardiology PA, Motion Dynamics Chiropractic, Little Caesars, Circle K, Taco Bell, and Affordable Dentures and Implants. The property is positioned near several healthcare facilities, including hospitals and clinics. The lease has 4 years remaining with four 5-year option periods. Walgreens is the second-largest pharmacy store chain in the United States.