Walgreens
Sumter, SC-29150
Overview
Price
$4,038,213
Cap Rate
7.5%
NOI
$302,868
Leasable Area
12,728 SF
Year Built
2001
Occupancy
100%
Status
Available
Price Per SF
$317
Property Highlights
NMR & Associates is pleased to present this Rite Aid property located in Sumter, South Carolina. The subject property is a 12,728-square-foot facility with a double drive-thru sitting on
1.63 acres located at the intersection of McCrays Mill Road and Pinewood Road on the northeast corner. Rite Aid is an outparcel to Walmart anchored shopping center and is across the
street from an IGA anchored shopping center. Rite Aid (formerly Eckerd’s) has occupied this space since 2001. There are approximately four years remaining on the lease, as well as four five-year options to renew with two percent increases. This opportunity allows an investor to enjoy a strong yield with minimal landlord responsibilities.
