In 2026, a new pharmacy located in a prime, transit-oriented development near a children's hospital is available for sale or lease. This 720 sq ft (66 sqm) corner unit is projected to handle 180-200 prescriptions daily, generating an estimated monthly revenue of $370-$520 (₩500,000-₩700,000). The lease terms offer a significant advantage with no key money required, making it an attractive opportunity for entrepreneurs and investors seeking a stable income stream.
What Are the 2026 New Pharmacy Lease Terms?
This prime pharmacy space, situated in a new mixed-use building in Yangjeong-dong, Busan, is available for sale at $1 million (₩1.5 billion) or for lease with no key money. The lease terms are a $220,000 (₩300 million) deposit and a monthly rent of approximately $4,400 (₩6 million). The building, scheduled for completion in April 2026, offers 320 parking spaces and is directly adjacent to a subway station exit, ensuring high foot traffic. The 720 sq ft (66 sqm) unit faces west and is located on the first floor of a 24-story complex. Its most significant advantage is its exclusive location within the building, directly serving a 25-bed children's hospital operated by three physicians, which is expected to drive consistent prescription volume.
What Are the Projected Prescription Numbers and Revenue?
The pharmacy's strategic placement on the first floor, corner unit, directly within a children's hospital complex, is expected to yield approximately 180-200 prescriptions per day. Based on this volume, the estimated daily revenue ranges from $370 to $520 (₩500,000 to ₩700,000). This consistent patient flow from the hospital provides a stable foundation for revenue generation. Furthermore, the location near Yangjeong Station, which is part of the same metropolitan area as Seomyeon, benefits from substantial daily foot traffic and a strong consumer base, further supporting the pharmacy's business potential. The proximity to other medical facilities also enhances its accessibility and appeal to a broader patient demographic.
What is the Sale Price and Loan Availability?
The pharmacy is listed for sale at $1 million (₩1.5 billion). For potential buyers, significant financing options are available, with up to $740,000 (₩1 billion) in bank loans possible. This means the net investment required from the buyer could be as low as $370,000 (₩500 million), making it a more accessible investment for those looking to enter the pharmacy ownership market. The building is slated for occupancy in April 2026, allowing ample time for financial arrangements and planning. This financing structure, combined with the prime location and projected revenue, presents a compelling investment opportunity with a manageable initial capital outlay.
What Are the Key Advantages of This Location?
This pharmacy boasts several key advantages that make it a highly desirable location for investment. Firstly, its position as a 'super transit-oriented development' (TOD) means it's directly next to a subway station exit, guaranteeing high visibility and foot traffic. Secondly, it holds an exclusive contract to serve a large, multi-physician children's hospital within the same complex, ensuring a steady stream of prescriptions. Thirdly, the building offers extensive parking facilities, with 320 spaces available, catering to patients who drive. The new construction ensures modern facilities and a fresh environment, appealing to customers. These factors combined create a robust business environment with strong potential for sustained growth and profitability.
What Should You Consider Before Investing?
While this pharmacy presents a lucrative opportunity, potential investors should consider a few key factors. Firstly, the lease terms specify that interior design and fitting costs are separate from the 'no key money' condition. A significant budget should be allocated for custom pharmacy interiors and equipment. Secondly, maintaining a strong, collaborative relationship with the children's hospital is crucial for long-term success; clear communication and service agreements are essential. Thirdly, while the location is prime, conducting thorough market research on the surrounding area and potential patient demographics beyond the hospital is advisable. Finally, given the substantial investment and financing involved, consulting with a financial advisor is highly recommended to ensure the investment aligns with your financial goals and risk tolerance. This is not financial advice. Consult a licensed financial advisor.
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