Pharmacy Retail Building with Drive
For Sale
Contact for pricing
1401 Chapin Rd, Chapin, SC 29036
Former Rite Aid property currently tied to a long-term Walgreens lease with three ingress/egress points.
Property SizeContact for details
Days on Market134
Property Features for 1401 Chapin Rd
General Information
Standard status
Active
Property subtype
Retail
Listing Agency:
Acropolis Commercial Advisors LLC
Listed By:
Eric Wasserman · License #FL CQ1057427
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 23 at 12:00PM
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 Acropolis Commercial Advisors LLC
Investment Insights
Based on property information with market context.
The property is a former Rite Aid store improved as a single retail building operated under a Walgreens lease. The public remarks describe the lease as having a long-term extension with a 12-year firm term, and as providing minimal landlord responsibilities. The lease is also described as providing rental increases at the beginning of each option period, and is guaranteed by Walgreens corporate.
The site is located on US Highway 76 on a corner setting with three separate points of ingress and egress on two roadways. The property is positioned within a retail trade area that includes a Lowe’s Foods supermarket frontage and is within close proximity to a Publix-anchored center, with multiple additional national and local tenants noted in the remarks.
The information provided indicates the nearest competing pharmacy option is a CVS located more than 8 miles away, while the subject Walgreens appears to be the other standalone pharmacy serving the immediate area.
The site is located on US Highway 76 on a corner setting with three separate points of ingress and egress on two roadways. The property is positioned within a retail trade area that includes a Lowe’s Foods supermarket frontage and is within close proximity to a Publix-anchored center, with multiple additional national and local tenants noted in the remarks.
The information provided indicates the nearest competing pharmacy option is a CVS located more than 8 miles away, while the subject Walgreens appears to be the other standalone pharmacy serving the immediate area.
Key Highlights
- Former Rite Aid store on US Highway 76, secured by a long‑term Walgreens lease with 12 years of firm term
- Walgreens has assumed the Rite Aid lease in 2018 and exercised lease options, including an additional option period
- 2.08‑acre corner parcel with three separate points of ingress/egress on two roadways
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
546
Businesses Nearby
65k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 55%
Groceries 27%
Dining 17%
Electronics 2%
Circle K
Shops & Services
19,853 visits/mo
0.2 miles
Lowes Foods
Groceries
17,388 visits/mo
0.1 miles
Hardee's
Dining
8,552 visits/mo
0.1 miles
Dollar General
Shops & Services
8,351 visits/mo
0.1 miles
Truist
Shops & Services
3,810 visits/mo
0.2 miles
Demographics for 29036, SC
27,047
Population
10,910
Households
2.5
Avg Household Size
43
Median Age
49%
College-Educated
97%
High-School Grad
55.1 sq mi
ZIP Area
491
Density / Sq Mi
$116,438
Median Household Income
$62,787
Median Earnings
$1,901
Median Rent
$378,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- Walgreens Pharmacy — 1401 Chapin Rd, Chapin, SC 29036
- Terri W. Frick, BS — 1401 Chapin Rd, Chapin, SC 29036
- Cheryl D. Hobson, BPharm — 1401 Chapin Rd, Chapin, SC 29036
- COVID-19 Drive-Thru Testing at Walgreens — 1401 Chapin Rd, Chapin, SC 29036
- Ernest E. Armstrong Jr, RPH — 419 Lexington Ave, Chapin, SC 29036
Frequently Asked Questions
What type of property is this?
Drug store - Former Rite Aid property currently tied to a long-term Walgreens lease with three ingress/egress points.
Where is this drug store located?
The property is located at 1401 Chapin Rd Chapin, SC.
What are key features of this property?
This property features: Former Rite Aid store on US Highway 76, secured by a long‑term Walgreens lease with 12 years of firm term; Walgreens has assumed the Rite Aid lease in 2018 and exercised lease options, including an additional option period; 2.08‑acre corner parcel with three separate points of ingress/egress on two roadways
