INVESTMENT HIGHLIGHTS
LONG TERM LEASE: Walgreens (previously Rite Aid) has occupied this Property since it was constructed in 2000 and recently extended the lease demonstrating their commitment to the site and the market. Walgreens has 11+ years remaining on their Absolute NNN Lease with three (3), 5-year renewal options.
ATTRACTIVE RENT INCREASES: The lease features attractive rent increases at the start of each of the 5-year renewal options, providing the investor with an attractive increase in revenue and a hedge against inflation.
STRATEGIC RETAIL LOCATION: Walgreens benefits from its position as the only national pharmacy in the town of Williamston (there are two other local pharmacies). The Property is also close to the Palmetto elementary, middle, and high schools. Walgreens is located at the intersection of East Main St and Oak St featuring three separate points of access with one on Oak Street and two on East Main Street. East Main Street is a part of State Route 20 which runs from Abbeville through Williamston into Greenville.
