1115 Old Towne Rd Charleston, SC
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NNN Walgreens with rental increases in Charleston's high-traffic area.
Type:RETAIL
Property size:
10,908 SFLot size:
1.21 AcresPrice / SF:
$332/SF- Added:
- Apr 8, 2025
- Days on Market:
- 379
- Last Refresh:
- Apr 5 at 9:51 pm
Property Features for 1115 Old Towne Rd
General Information
- Standard status
- Active
- Size
- 10,908 SF
- Lot size
- 1.21 Acres
- Property subtype
- RETAIL
Listing agent Adam Scherr (310) 853-1266
Listing office Sands Investment Group (SIG) | Fort Lauderdale (310) 853-1266
Listing date Apr 8, 2025
Source Moodyscre
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 Sands Investment Group (SIG) | Fort Lauderdale
Overview
Charleston Walgreens NNN Investment Opportunity
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.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Walgreens
Pharmacy
FedEx OnSite
Postal Service
TD Bank ATM
Atm
COVID-19 Drive-thru Testing ...
Pharmacy
higi
Physician
Similar Places Nearby
- CVS Pharmacy — 1020 Orange Grove Rd, Charleston, SC 29407
- Jeffrey Floyd — 1020 Orange Grove Rd, Charleston, SC 29407
- Kendra Myers — 1020 Orange Grove Rd, Charleston, SC 294073756
Location Insight
- Map
- Local Demand
- City
- Charleston
- County
- Berkeley
- State
- South Carolina
- Longitude
- -79.9958
- Latitude
- 32.797
Nearby Similar for Sale
FAQs
What type of property is this?
Drug store - NNN Walgreens with rental increases in Charleston's high-traffic area.
Where is this drug store located?
The property is located at 1115 Old Towne Rd Charleston, SC.
What is the asking price?
The asking price for this property is $3,627,000.
What are key features of this property?
This property features: Absolute NNN lease with limited landlord responsibilities.; Corporate guaranteed lease featuring investment grade credit (S&P: BBB).; Rare **14.83% rental increase** at the end of the remaining term and approximately 1.6% rent bumps on option periods.
