1313 US-123 - Bank FOR SALE


Seneca, SC 29678
$2,049,000 USD
508-272-0585
1313 US-123, Seneca, SC for Sale
$2,049,000 USD
Bank - FOR SALE
1/4
null | 6.1% Cap Rate

1313 US-123
Seneca, SC 29678


HIGHLIGHTS

  • GREENVILLE–ANDERSON MSA | HIGH-GROWTH SOUTHEAST REGION
  • STRATEGIC HARD-CORNER RETAIL POSITIONING
  • INVESTMENT-GRADE CORPORATE CREDIT (S&P: A-)

OVERVIEW

PROVEN LOCATION - $106M DEPOSIT BASE & LONG OPERATING HISTORY - ?Bank of America (and predecessor institutions) has operated at this site since 1985, underscoring long-term commitment to the location and consistent performance within the trade area - ?The branch maintains a deposit base of approximately $106 million RECENT LEASE EXTENSION THROUGH 2030 - ?Tenant exercised its most recent five-year renewal option in 2019, extending the lease through May 31, 2030 — reinforcing long-term confidence in the location and underlying market fundamentals LOW BASIS / HIGH COVERAGE RENT PROFILE - ?Below-replacement cost pricing and modest rent levels relative to national bank branch economics support long-term tenant viability and renewal probability INVESTMENT-GRADE CORPORATE CREDIT (S&P: A-) - ?Lease guaranteed by Bank of America, one of the largest financial institutions globally with ~$3.3 trillion in assets, providing secure and stable income STRATEGIC HARD-CORNER RETAIL POSITIONING - ?Located along SC Highway 123 (31,700+ VPD), the dominant retail corridor connecting Seneca and Clemson, with direct access to surrounding retail, residential, and university-driven demand GREENVILLE–ANDERSON MSA | HIGH-GROWTH SOUTHEAST REGION - ?Part of one of the fastest-growing MSAs in the Southeast, supported by a diversified employment base, institutional demand drivers, and continued in-migration

FOR SALE DETAILS

PRICE

$2,049,000 USD

PRICE/SF

$626 USD /SF

CAP RATE

6.1%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

NNN Freestanding Bank of America | Seneca, SC

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

ADD'L SUBTYPES

Bank

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1993

SPRINKLERS

-

PARKING SPACES

36

LAND DETAILS

LAND ACRES

0.67 AC

LAND SF

29,185 SF

ZONING

-

APN/PARCEL ID

520-55-01-009

ASK ABOUT THIS PROPERTY

Eric SuffolettoAtlantic Capital PartnersMore Info
508-272-0585

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Eric SuffolettoAtlantic Capital PartnersMore Info
508-272-0585

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