1107 NE Main St - Freestanding FOR SALE


Simpsonville, SC 29681
$2,221,000 USD
864-593-6644
1107 NE Main St, Simpsonville, SC for Sale
$2,221,000 USD
Freestanding - FOR SALE
1/7
null | Request Cap Rate

1107 NE Main St
Simpsonville, SC 29681


HIGHLIGHTS

  • Value Add - Below market rents
  • Great location in Simpsonville on NE Main Street
  • Well maintained property
  • High growth market with low vacancy rates

OVERVIEW

Reedy River Retail at SVN Palmetto is pleased to present a value-add investment opportunity in the sought after Simpsonville, SC market. The property consists of two office buildings totaling ±10,317 SF which are fully leased providing immediate cash flow with future value add potential. The combination of below market rents, staggered lease expiration in the coming years, and the ability to convert leases to triple net provide significant upside for a forward thinking investor. The seller has made some capital improvements to the property including resurfacing the parking lot and replacing a significant portion of the roof in recent years. Conveniently located on NE Main Street in Simpsonville, South Carolina, the property has excellent visibility, multiple points of ingress/egress for easy access, as well as a large monument sign to showcase the tenants. Simpsonville is among the fastest growing submarkets of Greenville, SC with population growth in excess of 38% over the last decade and recognized as one of the best places to live in South Carolina. Rental rates have increased substantially in recent years in the the Simpsonville market, creating a tremendous opportunity to add value by increasing the NOI as under market leases expire and converting MG leases to NNN.

FOR SALE DETAILS

PRICE

$2,221,000 USD

PRICE/SF

$529 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,780 SF

ZONING

C-2

APN/PARCEL ID

0297.00-01-001.19

ASK ABOUT THIS PROPERTY

Daniel HollowaySVN | Palmetto CREMore Info
864-593-6644

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Daniel HollowaySVN | Palmetto CREMore Info
864-593-6644

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.