December 21, 2022 – Russell Verzino, Zach Smith, Bob Horvath, and Todd Tremblay of Horvath & Tremblay have successfully completed the sale of Walgreens in Piedmont, South Carolina. Horvath & Tremblay exclusively represented the buyer to complete this transaction at a sale price of $1,337,580.
Walgreens is located at 915 Anderson Street in Piedmont, South Carolina. Walgreens (previously Eckerd) has occupied this Property since it was constructed in 2000 and they have 3 years remaining on their double net lease with four (4), 5-year renewal options. The lease calls for rare 5% rent increases at the beginning of each renewal option. The Property is situated on a highly visible corner parcel at the signalized intersection of Old River Road (SC Route 53) and Anderson Street (SC Route 86), the area’s primary commercial and commuter corridor. The Property enjoys outstanding visibility and frontage and benefits from three points of access. The Property sits at the commercial center of Piedmont, sharing the intersection with O’Reilly Auto Parts, Subway, BP Gas, Hardee’s and the US Post Office. Piedmont is located in northwestern South Carolina approximately 15-miles south of Grenville.
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.