1702 E Greenville St - Storefront FOR SALE


Anderson, SC 29621- Anderson Core
$3,177,000 USD
980-498-3293
1702 E Greenville St, Anderson, SC for Sale
$3,177,000 USD
Storefront - FOR SALE
1/5
null | 5% Cap Rate

1702 E Greenville St
Anderson, SC 29621
Anderson Core


HIGHLIGHTS

  • HIGH GROWTH UPSTATE SC
  • STRONG CORPORATE GUARANTEE
  • IMMEDIATE NEARBY MARKET DRIVERS

OVERVIEW

ATTRACTIVE LEASE FUNDAMENTALS - 8% rent increase every 5 years and during options periods - Absolute NNN providing no Landlord Responsibilities - 15 Year Lease with Three (3) - Five (5) year option periods STRONG CORPORATE GUARANTEE - Corporate Guarantee from Panera, LLC - JAB Holdings acquired Panera, LLC in 2017 for $7.5 billion dollars - There are over 2,100+ Panera Bread locations operating across the United States and Canada NEW CONSTRUCTION - The site is set to open in the fall of 2025, and the property is the tenant’s newest prototype which includes a drive-thru HIGH GROWTH UPSTATE SC - Over 25+ colleges and universities in the Upstate region providing ~28K graduates to the workforce each year - Greenville, SC and the upstate area has had over $11B of capital investment in the trailing 3 years - 13.5% population growth since 2014 POSITIONED IN DENSE RETAIL NODE - Fronting E. Greenville St - over 23K Cars per day - Within a 1-mile radius of the subject site is more than 468K SF of retail space - Nearby national retailers include: Publix Supermarket, Walmart Neighborhood Market, Dollar Tree, Goodwill, and more IMMEDIATE NEARBY MARKET DRIVERS - Just 0.4 miles south of the site is McCants Middle School which has more than 560 students enrolled - 0.8 Miles south of the site is the NHC Healthcare Anderson Hospital which has around 300 beds and serves as a nursing home and hospital - 0.8 Miles north of the site is the Anmed Medical Center with over 450 beds for acute care

FOR SALE DETAILS

PRICE

$3,177,000 USD

PRICE/SF

$334 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Panera Bread

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Fast Food, Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

43

LAND DETAILS

LAND ACRES

1.05 AC

LAND SF

45,738 SF

ZONING

GC

APN/PARCEL ID

148-11-02-004

ASK ABOUT THIS PROPERTY

David HoppeAtlantic Capital PartnersMore Info
980-498-3293

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David HoppeAtlantic Capital PartnersMore Info
980-498-3293

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