Freestanding NNN Walgreens Investment
For Sale
Contact for pricing
Pending
1101 Hwy 9 Bypass W, Lancaster, SC 29720
NNN Walgreens in fast-growing Charlotte MSA with long-term lease.
Property Size14,820 SF
Days on Market1124
Property Features for 1101 Hwy 9 Bypass W
General Information
Standard status
Pending
Size
14,820 SF
Property subtype
Retail
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$317,494
Building Details
Year Built
2006
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Drugstore Property Advisors
Listed By:
John Giordani · License #CA 01323433
Source:
Crexi
Added: Aug 1, 2023
Changed: Aug 22
Last Checked: Aug 26 at 1:15AM
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 Drugstore Property Advisors
Investment Insights
Based on property information with market context.
This is a freestanding NNN Walgreens property located in the Charlotte MSA. Walgreens has been operating at this location since 2006. In 2020, Walgreens signed a new 15-year lease extension that includes five percent rental increases throughout the primary term and in each of the 12, five-year option periods. The property is situated at the corner of Highway 9 and Gillsbrook Rd within a retail area featuring Walmart, Home Depot, Harbor Freight, and Big Lots. The property size is 14820 square feet.
Key Highlights
- Freestanding NNN Walgreens in a fast‑growing Charlotte MSA.
- New 15‑year lease extension signed in 2020.
- Rental increases of five percent throughout the primary term and option periods.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
300
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 29720, SC
51,198
Population
22,106
Households
2.3
Avg Household Size
43
Median Age
22%
College-Educated
86%
High-School Grad
284.9 sq mi
ZIP Area
180
Density / Sq Mi
$59,039
Median Household Income
$37,020
Median Earnings
$845
Median Rent
$212,800
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- COVID-19 Drive-Thru Testing at Walgreens — 1101 Hwy 9 Bypass W, Lancaster, SC 29720
- Walmart Pharmacy — 805 Hwy 9 Bypass W, Lancaster, SC 29720
- Brandi Guinyard — 805 hwy 9 bypass w, lancaster, sc 29720
- GNC — 1252 Hwy 9 Bypass W Suite 1252, Lancaster, SC 29720
- Mary E. Wood, PharmD — 1101 Highway 9 Bypass West, Lancaster, SC 29720, Lancaster, SC 29720
Frequently Asked Questions
What type of property is this?
Drug store - NNN Walgreens in fast-growing Charlotte MSA with long-term lease.
Where is this drug store located?
The property is located at 1101 Hwy 9 Bypass W Lancaster, SC.
What is the asking price?
The asking price for this property is $4,235,000.
What are key features of this property?
This property features: Freestanding NNN Walgreens in a fast‑growing Charlotte MSA.; New 15‑year lease extension signed in 2020.; Rental increases of five percent throughout the primary term and option periods.
