1101 Highway 9 Byp W Lancaster, SC 29720
Property profile & analytics
1101 Highway 9 Byp W Lancaster, SC 29720
- Drug stores
- 14,820 SF
- 2.26 lot acres
Property ID
US77-0861795
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Walgreens Photo / (Bike/Boat/Book/etc) Store
- Walgreens Pharmacy / Pharmacy
- Walgreens / Pharmacy
- Coinhub Bitcoin ATM Teller / Atm
- Mary E. Wood, PharmD / Pharmacy
Property Details for 1101 Highway 9 Byp W
- Year built
- 2006
- Construction
- STEEL FRAME
- Lot size
- 2.26 lot acres
- Property size
- 14,820 SF
- Zone code
- CITY
- Property type
- Drug stores
- APN
- 0067F-0D-001.01
- APU
- 0067F0D00101
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $5,565,000
- ML approach
- $5,940,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Lancaster
- County
- Lancaster
- State
- South Carolina
- Longitude
- -80.7898
- Latitude
- 34.7341
- CBSA code
- 16740
- CBSA name
- CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$126,981
$79,218
$205,662
$284,880
-
$1,320,300
$3,427,700
$4,748,000
