CVS 500 Knox Abbott Dr 11,982 SF Retail Building Cayce, SC 29033 £4,417,947 (£368.72/SF) 6.25% Net Initial Yield
EXECUTIVE SUMMARY
This investment opportunity presents a CVS property strategically located in Cayce, SC, adjacent to the University of South Carolina, the
flagship campus with over 36,000 enrolled students. The site benefits from its proximity to a vibrant trade area filled with popular quick-service restaurants (QSRs) and local establishments, catering to both students and residents. The surrounding area boasts over 2,100 multifamily and student housing units within a one-mile radius, ensuring a steady flow of foot traffic and customer engagement. Additionally, this property is a low-maintenance investment with no landlord responsibilities and is corporately guaranteed by CVS Caremark Corporation, providing a secure and stable income stream.
flagship campus with over 36,000 enrolled students. The site benefits from its proximity to a vibrant trade area filled with popular quick-service restaurants (QSRs) and local establishments, catering to both students and residents. The surrounding area boasts over 2,100 multifamily and student housing units within a one-mile radius, ensuring a steady flow of foot traffic and customer engagement. Additionally, this property is a low-maintenance investment with no landlord responsibilities and is corporately guaranteed by CVS Caremark Corporation, providing a secure and stable income stream.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
11,982 SF
Building Class
B
Year Built
2009
Price
£4,417,947
Price Per SF
£368.72
Net Initial Yield
6.25%
NOI
£276,122
Tenancy
Single
Number of Floors
1
Building FAR
0.11
Lot Size
2.57 AC
Opportunity Zone
Yes
Zoning
GC
Parking
65 Spaces (5.42 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Route
- Corner Lot
- Pylon Sign
- Signage
- Signalised Junction
- Drive Thru
Walk Score®
Very Walkable (78)
Bike Score®
Very Bikeable (72)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 004676-01-010 | Improvements Assessment | £185,045 |
| Land Assessment | £92,415 | Total Assessment | £277,459 |
