Dec
23

Lancaster Wal-Mart Store to Sell for $14.65M

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Cole Credit Property Trust III, Inc. has agreed to acquire the Wal-Mart building in Lancaster, SC for $14.65 million, the company reported Wednesday.

The 208,470 square foot building is occupied by Wal-Mart Real Estate Business Trust via a lease that expires in 2019. Wal-Mart pays $1.094 million in annual base rent, or $5.25 per square foot.

Wal-Mart is the sole occupant of the fully-leased building, which is adjacent to the University of South Carolina Lancaster.

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