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Drug Store

Walgreens (Greenville)

6057 White Horse Rd, Greenville, SC 29611

Listing Price: $3,766,000

Cap Rate
8.00%
Tenant Name
Walgreens
Years Remaining On Lease
5.0
Gross SF
14,550
Guarantor
Corporate Guarantee
Rentable SF
14,550
Price/Gross SF
$258.83
Lease Type
Absolute Net
Rent Per Square Feet
$20.71

Investment Overview

Marcus & Millichap is proud to offer for sale the fee simple interest in the Walgreens located in Greenville, South Carolina located at 6057 White Horse Road. The 14,550 square foot building was constructed on 1.52 acres in 2004 as a build to suit for Walgreens. The property sits at the heaviy trafficked intersection of White Horse Road and West Blue Ridge Drive. Other national retailers within a block of the Walgreens include Walmart Super Center, QuikTrip, Taco Bell, McDonald’s, Taco Bell, and many others.
Walgreens operates under an Absolute NNN Lease where the tenant is responsible for all repairs and maintenance of the property and improvements. The Lease was signed in 2005 and the tenant is currently committed to the lease at least in 2030 when their first termination option exists per the standard Walgreens lease language.

Investment Highlights

  • Absolute NNN Lease Corporate Guaranteed by Walgreens
  • Hard Corner Location at Signalized Intersection Shared with McDonald's, Taco Bell, KFC and Quik Trip
  • Walmart Super Center is Located Just Two Blocks North
  • The Greenville Metro is Expected to Add Almost 100,000 People Through 2028, Resulting in the Formation of 42,000 Households
  • Between 2022 and 2023, Greenville was the Fastest Growing city in the Country with a Growth rate of 1.7%

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (843) 952-2300

    License(s) SC: 86628

    South Carolina

Drug Store

Walgreens (Greenville)

Listing Price: $3,766,000

Cap Rate
8.00%
Tenant Name
Walgreens
Years Remaining On Lease
5.0
Gross SF
14,550
Guarantor
Corporate Guarantee
Rentable SF
14,550
Price/Gross SF
$258.83
Lease Type
Absolute Net
Rent Per Square Feet
$20.71

Investment Highlights

  • Absolute NNN Lease Corporate Guaranteed by Walgreens
  • Hard Corner Location at Signalized Intersection Shared with McDonald's, Taco Bell, KFC and Quik Trip
  • Walmart Super Center is Located Just Two Blocks North
  • The Greenville Metro is Expected to Add Almost 100,000 People Through 2028, Resulting in the Formation of 42,000 Households
  • Between 2022 and 2023, Greenville was the Fastest Growing city in the Country with a Growth rate of 1.7%

Investment Overview

Marcus & Millichap is proud to offer for sale the fee simple interest in the Walgreens located in Greenville, South Carolina located at 6057 White Horse Road. The 14,550 square foot building was constructed on 1.52 acres in 2004 as a build to suit for Walgreens. The property sits at the heaviy trafficked intersection of White Horse Road and West Blue Ridge Drive. Other national retailers within a block of the Walgreens include Walmart Super Center, QuikTrip, Taco Bell, McDonald’s, Taco Bell, and many others. Walgreens operates under an Absolute NNN Lease where the tenant is responsible for all repairs and maintenance of the property and improvements. The Lease was signed in 2005 and the tenant is currently committed to the lease at least in 2030 when their first termination option exists per the standard Walgreens lease language.

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (843) 952-2300

    License(s): SC: 86628

    South Carolina

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