1537 Charleston Highway West

CORPORATE GUARANTEE FROM WALGREENS | The lease is corporately guaranteed by Walgreens Boots Alliance, the second largest pharmacy retail chain in the United States. It specializes in filling prescriptions, health and wellness products, health information, and photo services. Walgreens operates 9,000+ locations and has annual revenue exceeding $139 billion, making it one of the ten largest retailers in the country.

EXCELLENT SITE-LEVEL VISIBILITY & CONVENIENCE | The subject property has frontage along Highway 321 (Charlestown Hwy), which has daily traffic counts of 32,900 vehicles per day. The property also features a dedicated drive-thru, which adds a meaningful level of convenience to the customer experience while also substantially increasing location sales.

STRONG POPULATION GROWTH | West Columbia has shown consistent population growth in recent years, with annual growth over the last 5 years exceeding 1% within a 5-mile radius of the property, with steady growth projected over the next 5 years. This provides Walgreens with a reliable, growing customer base for the store.

LONG-TERM ABSOLUTE TRIPLE NET (NNN) LEASE

The property is subject to an Absolute Triple Net (NNN) lease with over 8 years remaining on the lease, resulting in zero landlord management responsibilities. The tenant is responsible for taxes, insurance, and all maintenance & repairs at the property, including roof and structure, providing a totally passive ownership structure for an investor.

STRATEGIC LOCATION 

The subject property benefits from its location within a strong retail corridor surrounded by prominent national retailers. These include Walmart, Dollar General, U-Haul, AutoZone, McDonald’s, and many more. Also, within 5 miles of the property is the Columbia Metropolitan Airport (CAE), the main commercial airport for Columbia and the Midlands region of South Carolina.