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    1101 Highway 9 Byp Lancaster, SC 29720

    Sponsored
    For Sale
    $5,460,000

    High-yield NNN Walgreens, strong tenant.

    Property size:
    14,820 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a fee-simple, single-tenant, 14,820 square foot Walgreens located at 1101 Hwy 9 Bypass W, Lancaster, SC 29720. The property sits on a 2.25-acre lot and boasts a 100% occupancy rate with a corporate guarantee from Walgreens. Built in 2006, this freestanding building benefits from a long-term lease with 12.5 years remaining. The lease includes favorable terms, featuring 5% rent bumps every 5 years, and a preferred 5-year option structure. The property generates a substantial net operating income (NOI) of $313,745, resulting in an attractive 5.75% cap rate. Strategically positioned in a high-traffic area with a daily traffic count of 20,000, this location enjoys proximity to major retailers such as Walmart, Home Depot, Harbor Freight, and Big Lots. Its convenient location is also just a two-minute drive from the University of South Carolina's Lancaster campus and Founders Federal Credit Union's corporate headquarters. This absolute net lease structure ensures minimal landlord responsibilities, making it an ideal investment for passive income seekers. The asking price is $5,460,000, translating to a price per square foot of $368.42. Lancaster is situated within the Charlotte MSA, a rapidly growing metropolitan area. This property offers a compelling combination of strong tenant, long-term lease, and excellent location.

    Property Features for 1101 Highway 9 Byp

    General Information

    Property type
    Individual retail properties
    Square Feet
    14,820 SF
    Lot Size
    98,010 SF

    Building Details

    Year Built
    2006
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • Absolute Net Lease with zero landlord responsibilities.
    • 5% rent increases every 5 years.
    • High‑traffic location (20,000 cars per day) near Walmart, Home Depot, and other major retailers.
    • Located 40 miles south of Charlotte, NC.
    • Two‑minute drive to the University of South Carolina Lancaster campus and Founders Federal Credit Union headquarters.
    • Full Walgreens corporate guarantee.
    Property Profile Location Intelligence

    Current Use by Public Records

    Walgreens Photo Passport Photo Processor Walgreens Pharmacy Pharmacy Walgreens Drug Store Coinhub Bitcoin ATM ... Atm Mary E. Wood, ... Pharmacy

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lancaster
    County
    Lancaster
    State
    South Carolina
    Longitude
    -80.7897846
    Latitude
    34.7340415

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    FAQs

    What type of property is this?
    Individual retail property - High-yield NNN Walgreens, strong tenant.
    Where is this individual retail property located?
    The property is located at 1101 Highway 9 Byp Lancaster, SC.
    What is the asking price?
    The asking price for this property is $5,460,000.
    What are key features of this property?
    This property features: Absolute Net Lease with zero landlord responsibilities.; 5% rent increases every 5 years.; High-traffic location (20,000 cars per day) near Walmart, Home Depot, and other major retailers.
    Request Owner's contact information
    1101 Highway 9 Byp Lancaster, SC 29720
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    Lancaster, SC 29720
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1101 Highway 9 Byp Lancaster, SC 29720
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