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3221 Martin Luther King Jr Blvd

9,747 SF Retail Building Anderson, SC 29625 £1,950,013 (£200/SF) 6.31% Net Initial Yield

Investment Highlights

  • heavy traffic
  • outparcel to fully leased shopping center
  • brand new 10 year lease term

Executive Summary

Brand new 10-year lease term with corporate tenant.
Located just off Clemson Blvd., Anderson's busiest retail corridor. Clemson Blvd.
traffic count is 34,000 VPD. Martin Luther King Jr. Blvd traffic count is 14,400 VPD.
Outparcel to fully leased shopping center in a high growth area, across the street
from the Anderson Mall.
Minimal landlord responsibilities.
Rent increases every 5 years.
Growth market along I-85 corrido in Upstate South Carolina.

Attachments

3221 MLK Blvd.

Property Facts

Sale Type
Investment
Property Type
Retail
Building Size
9,747 SF
Building Class
B
Year Built
1992
Price
£1,950,013
Price Per SF
£200
Net Initial Yield
6.31%
NOI
£123,046
Tenancy
Single
Number of Floors
1
Building FAR
0.29
Land Acres
0.76 AC
Zoning
None
Parking
33 Spaces (3.39 Spaces per 1,000 SF Leased)

Nearby Major Retailers

First Citizens Bank
Planet Fitness
Regions Bank
Logan's Roadhouse
Red Lobster
Cook Out
Applebee's
Five Guys
Golden Corral Buffet & Grill
Waffle House

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
121-25-02-011
Land Assessment
£15,338
Improvements Assessment
£38,345
Total Assessment
£53,684
  • Listing ID: 33070725

  • Date on Market: 05/09/2024

  • Last Updated:

  • Address: 3221 Martin Luther King Jr Blvd, Anderson, SC 29625

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