Pinnacle Bank – Spartanburg SC
531 East Main Street, Spartanburg, SC, 29302, US
R 80,865,000 | 866 m²
Description
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire CVS Pharmacy located at 2566 Ashley River Road, Charleston, SC 29414 (the “Property” or “Asset”). The tenant operates under an absolute NNN lease with a corporate guaranty and approximately 11 years of primary term remaining, as well as five, five-year renewal options with zero management responsibility.
This offering presents investors with an exceptional opportunity to acquire an asset providing secure, long-term cash flow, backed by a leading national retailer.
Broker of Record: Tom Kolarczyk
SC License #: 116227
...
Attributes
Asking price
R 36,407,000
Cap rate
6.5%
NOI
R 2,367,000
Lease type
Absolute Triple Net
Remaining lease term
11.1 years
Building area net
941 m²
Year built
1998
Parcel
1.9 AC
Media
Investment Highlights
- Investment grade tenancy (S&P: BBB) with stable outlook
- Absolute NNN with zero landlord responsibilities
- 16% population growth within a five-mile radius
- $111K average household income within a 3-mile radius
- Sits on a large 1.9-acre site
- 11 years of primary lease term remaining
- Charleston has a 3x higher population growth rate than the U.S. Average
- Prime visibility to 104K+ vehicles per day
Contact brokers
CVS - Charleston, SC (0 Properties)
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Last updated
13 Jan 2026
