January 9, 2023 –Zach Smith, Russell Verzino, Bob Horvath, and Todd Tremblay of Horvath & Tremblay have successfully completed the sale of Walgreens in Williamston, South Carolina. Horvath & Tremblay exclusively represented the buyer to complete this transaction at a sale price of $2,634,400.
Walgreens is located at 201 E Main Street in Williamston, South Carolina. 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. The lease calls for rare rent increases at the beginning of each renewal option. 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. The Property also features a drive-thru with direct access from one of the East Main ingress points. East Main is a part of State Route 20 which runs from Abbeville through Williamston into Greenville. State Route 20 connects to Interstate-185 in Golden Grove and to Interstate 85 just outside of Greenville. Both highways provide convenient driving to Greenville, while I-85 allows for travel to both Atlanta, GA to the southwest and Charlotte, NC to the northeast, as well as beyond.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.