1106 John C Calhoun Dr Orangeburg, SC 29115-6656

This exceptional investment opportunity presents a fee-simple ownership of a 14,600-square-foot Walgreens located at 1106 John C Calhoun Dr, Orangeburg, SC 29115. The property, built in 2008, sits on a 1.12-acre lot at a signalized intersection experiencing high traffic volume. The single-tenant building is currently 100% occupied under an absolute NNN lease with Walgreens, a credit-rated tenant with a corporate guarantee. The lease commenced January 1, 2008, and has a remaining term of approximately 8.1 years, expiring January 1, 2033. The current asking price is $4,333,333, representing a price per square foot of $296.80 and a 7.50% cap rate based on a net operating income (NOI) of $324,996. The lease includes multiple options, offering long-term stability and predictable cash flow. This investment provides a passive income stream with minimal landlord responsibilities, secured by a strong, established tenant with a significant market presence. The property's prime location and long-term lease make it an attractive addition to any portfolio. The building is a single-story structure.