3221 Martin Luther King Jr Blvd
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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.
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.
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
PROPERTY TAXES
Parcel Number | 121-25-02-011 | Improvements Assessment | £38,345 |
Land Assessment | £15,338 | Total Assessment | £53,684 |
PROPERTY TAXES
Parcel Number
121-25-02-011
Land Assessment
£15,338
Improvements Assessment
£38,345
Total Assessment
£53,684
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3221 Martin Luther King Jr Blvd
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