Walgreens

• Absolute NNN Lease Structure: Features an Absolute NNN lease structure with zero landlord responsibilities, offering hassle-free passive income.
• Corporate Guarantee: Lease fully backed by Walgreens Co. corporate guaranty, providing strong cash flow security.
• Fee-Simple Ownership: Offers full land and building ownership structure with valuable tax depreciation benefits.
• Strong Store Sales: Demonstrates healthy location performance with strong reported store sales of ± $2,978,915.
• Favorable Renewal Options: Features ten (10) 5-year renewal options, offering extended site tenure and operational continuity through 2079.
• 20+ Year Operating History: Walgreens has successfully operated at this location since 2004, demonstrating long-term tenant commitment, strong customer brand loyalty, and proven site performance.
• Corporate Scale: Walgreens Boots Alliance generates over $140 Billion in annual revenue.
• Dominant Market Presence: Operates over 8,700 retail locations supported by more than 300,000 employees nationwide.
• No Competition: The closest Walgreens is over 6 miles away in a different trade area.
• High Income Neighborhood: The 5-Mile average household income is $150,000 / YR
• Hilton Head MSA: Bluffton, SC is across the bridge from Hilton Head making it an incredibly desirable area.
• Established Location: Built in 2004, featuring a 13,650 SF freestanding retail building equipped with a dedicated pharmacy drive-thru.
• Signalized Hard Corner: Highly visible position at a major signalized hard corner along Fording Island Road (US-278) with multiple points of access.
• Exceptional Traffic Volume: Fronts Fording Island Rd, exposing the property to over 47,500 vehicles per day (VPD).
• Primary Retail Corridor: Situated along Bluffton’s main commercial artery, surrounded by major national anchors, healthcare providers, and high-density residential developments.
• High-Growth Coastal Market: Located in Bluffton, SC — one of the fastest-growing municipalities in South Carolina, positioned directly along the corridor to Hilton Head Island.
• Essential Healthcare Destination: Proven recession-resilient retail pharmacy provider serving as an integral healthcare hub in the local community.