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3216 E Palmetto St

8,000 SF Retail Building Florence, SC 29506 £1,192,938 (£149/SF) 7.10% Net Initial Yield

INVESTMENT HIGHLIGHTS

  • High performing Family Dollar
  • Surrounded by high quality national tenants
  • Corporate Guarantee

EXECUTIVE SUMMARY

Strong performing Family Dollar that was built in 2012 and has 3 years remaining on the original lease with 4 (5 year options) that increase 10% with each option. Tenant is responsible for everything except for roof and structure.

PROPERTY FACTS

Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,000 SF
Building Class
B
Year Built
2012
Price
£1,192,938
Price Per SF
£149
Net Initial Yield
7.10%
NOI
£84,699
Tenancy
Single
Number of Floors
1
Building FAR
0.13
Lot Size
1.40 AC
Zoning
CMU - COMMERCIAL MIXED USE
Parking
20 Spaces (2.5 Spaces per 1,000 SF Leased)
Frontage
221 ft on E Palmetto St.

AMENITIES

  • Air Conditioning
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NEARBY MAJOR RETAILERS

Food Lion
Save Mart

PROPERTY TAXES

Parcel Number 90160-01-023 Improvements Assessment £1,180,436
Land Assessment £1,321,775 Total Assessment £2,502,211

PROPERTY TAXES

Parcel Number
90160-01-023
Land Assessment
£1,321,775
Improvements Assessment
£1,180,436
Total Assessment
£2,502,211
(540) 247-6426

CONTACT

  • Listing ID: 33283039

  • Date on Market: 24/09/2024

  • Last Updated:

  • Address: 3216 E Palmetto St, Florence, SC 29506

The Retail Property at 3216 E Palmetto St, Florence, SC 29506 is currently available for sale. Contact Link Realty Services for more information.

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3216 E Palmetto St
(540) 247-6426 x

3216 E Palmetto St

Meridee Powars

(540) 247-6426

(540) 247-6426

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