Walgreens - Johns Island, SC

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the fee simple interest in a freestanding single-tenant Walgreens located at 3621 Savannah Highway in Johns Island, SC (“Property” or “Asset”). Walgreens has been operating at the Property for over a decade and a half on an absolute triple-net lease with ±8.5 years of term remaining and no landlord responsibilities.

The Asset sits in Johns Island SC, a 30-minute drive from downtown Charleston, SC. Situated along Savannah Highway (U.S. Highway 17) and Main Street, the Property has visibility and access to over 69,500 vehicles per day. The Property is positioned in a highly affluent town that boasts an average household income north of $134,000 and has seen explosive 110% population growth since 2010 in a three-mile radius.

The Property is adjacent to West Ashley Place, a regional shopping center anchored by Publix Super Market with over 1.2 million annual visitors. Notably, there are five residential developments recently completed or underway that have transformed the area nearby. These developments have brought over 1,100 units or townhomes to the immediate one-mile radius around the Property.

The Asset benefits from proximity to three medical facilities, including Benton House, an assisted living facility with 80 beds within a mile and a half from the Property. Per South Carolina’s Department of Public Health website, the facilities have Walgreens registered as a preferred pharmacy – bringing additional pharmaceutical demand to the Tenant.