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Title Max 3120 White Horse Rd

2,100 SF Retail Building Greenville, SC 29611 £514,629 (£245/SF) 7% Net Initial Yield

Investment Highlights

  • NN Lease
  • Corporate Guarantee
  • Healthy 2% rent increases annually
  • Bite size deal

Executive Summary

Discover the opportunity at 3120 White Horse Road in Greenville, SC. This prime property is located on the main retail drag, surrounded by national retailers and with over 120,000 people in a 5-mile radius. With a building size of 2,100 SF, this investment offers a strong NOI of $45,891 and a high CAP rate of 7.00%. The lease terms are favorable, with a remaining lease term of 5 months and a rent commencement date of 6/21/2010, providing immediate income potential. Plus, there is a corporate guarantee in place, ensuring a secure investment. The property is also a bite-size deal, making it an ideal opportunity for both seasoned and new investors. In addition to its strategic location and strong investment fundamentals, the property boasts impressive demographics. Within just a 5-mile radius, there are over 123,000 people and an average household income of $87,392. Don't miss out on this exceptional offering. Contact us today to receive the comprehensive offering Memorandum and explore the full details of this exciting investment opportunity at 3120 White Horse Road, Greenville, SC.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,100 SF
Building Class
C
Year Built/Renovated
1980/2010
Price
£514,629
Price Per SF
£245
Net Initial Yield
7%
NOI
£36,024
Tenancy
Single
Number of Floors
1
Building FAR
0.07
Land Acres
0.70 AC
Zoning
C2 - Commercial
Parking
20 Spaces (9.47 Spaces per 1,000 SF Leased)
Frontage
85 ft on White Horse Rd

Amenities

  • Signage
  • Drive Thru

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0249.00-05-013.00
Land Assessment
£8,831
Improvements Assessment
£11,390
Total Assessment
£20,221
  • Listing ID: 26517239

  • Date on Market: 30/08/2022

  • Last Updated:

  • Address: 3120 White Horse Rd, Greenville, SC 29611

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