Walgreens Drug Store
For Sale
Contact for pricing
4467 Devine St, Columbia, SC 29205
Operating retail asset subject to a long-term absolute NNN ground lease with renewal options and corporate lease support.
Property Size14,560 SF
Days on Market141
Property Features for 4467 Devine St
General Information
Standard status
Active
Size
14,560 SF
Property subtype
Retail
Net Operating Income
$297,550
Site & Location
Corner Location
Yes
Traffic Count
43,050 vehicles/day
Additional Details
Cap Rate
7.5%
Building Details
Buildings
1
Tenancy
Single
Listing Agency:
Fortis Net Lease
(248) 419-3810
Listed By:
Bryan Bender · License #MI 6501319610
Source:
Crexi
Added: Apr 11
Changed: Aug 29
Last Checked: Aug 29 at 6:38PM
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 Fortis Net Lease
Investment Insights
Based on property information with market context.
This 14,560-square-foot Walgreens drug store is offered through its leasehold interest, with the underlying land subject to a separate ground lease. The property operates under a 25-year absolute NNN ground lease that includes five five-year renewal options, each providing for a rental rate increase. Walgreens Corporation provides the corporate guarantee and carries a BBB credit rating identified as investment grade in the property information. Store operations began when rent commenced in July 2003.
The store occupies the signalized intersection of Devine Street and Cross Hill Road, where traffic is reported at 43,050 cars per day. Surrounding national retailers include Food Lion, Whole Foods, Target, Michaels, and Marshalls, while Midlands Technical College’s Beltline Campus is located across the street. The site’s five-mile population is 145,475, and average household income within one mile is reported at $89,271. Consumer spending within five miles is reported at $1.6 billion.
The store occupies the signalized intersection of Devine Street and Cross Hill Road, where traffic is reported at 43,050 cars per day. Surrounding national retailers include Food Lion, Whole Foods, Target, Michaels, and Marshalls, while Midlands Technical College’s Beltline Campus is located across the street. The site’s five-mile population is 145,475, and average household income within one mile is reported at $89,271. Consumer spending within five miles is reported at $1.6 billion.
Key Highlights
- 14,560‑square‑foot Walgreens drug store offered as a leasehold interest
- 25‑year absolute NNN ground lease with five five‑year renewal options
- Walgreens Corporation guarantee with a BBB credit rating
Property Analytics
Property Profile
Current Use
Lease Details
43,050 VPD
Traffic count
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
541
Businesses Nearby
335k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 37%
Groceries 20%
Shops & Services 19%
Apparel 17%
Marshalls
Apparel
42,383 visits/mo
0.1 miles
Whole Foods Market
Groceries
35,365 visits/mo
0.2 miles
Food Lion Grocery Store
Groceries
32,258 visits/mo
0.2 miles
Michaels
Shops & Services
31,684 visits/mo
0.1 miles
McDonald's
Dining
31,139 visits/mo
0.1 miles
Demographics for 29205, SC
23,586
Population
12,792
Households
1.8
Avg Household Size
34
Median Age
66%
College-Educated
96%
High-School Grad
6.5 sq mi
ZIP Area
3,629
Density / Sq Mi
$62,197
Median Household Income
$41,660
Median Earnings
$1,100
Median Rent
$335,200
Median Home Value
Market
Vacancy Rate% for Retail in Columbia, SC
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Similar Off Market Nearby
- CVS Pharmacy — 6090A Garners Ferry Rd, Columbia, SC 29209
- Jennifer Holderfield, PHARMD — 6090 Garners Ferry Rd, Columbia, SC 29209
- Tyler C. Davis, PharmD — 6090 Garners Ferry Rd, Columbia, SC 29209
- Earl Brooks Jr, RPh — 6090 Garners Ferry Rd, Columbia, SC 29209
- GNC — 6070C Garners Ferry Rd, Columbia, SC 29209
Frequently Asked Questions
What type of property is this?
Drug store - Operating retail asset subject to a long-term absolute NNN ground lease with renewal options and corporate lease support.
Where is this drug store located?
The property is located at 4467 Devine St Columbia, SC.
What are key features of this property?
This property features: 14,560‑square‑foot Walgreens drug store offered as a leasehold interest; 25‑year absolute NNN ground lease with five five‑year renewal options; Walgreens Corporation guarantee with a BBB credit rating
