Pharmacy Retail Building with Drive
1401 Chapin Rd Chapin, SC 29036
1401 Chapin Rd, Chapin, SC, 29036
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For Sale
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Former Rite Aid property currently tied to a long-term Walgreens lease with three ingress/egress points.
Days on Market104
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 Updated: Jul 22 at 3:12PM Checked: Jul 22 at 3:12PM
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
Location Intelligence
Current Use by Public Records
Drug stores
Similar For Sale Nearby
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
FAQs
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
