This property is the very definition of true mailbox money. This Class-A tenant’s rent is direct-deposited straight into your account every month—no hassle, no chasing, no headaches. With a long-term corporate tenant in place under a triple-net lease (NNN), this is about as passive as real estate investing gets.
Property Highlights:
-Address: 1714 Circle Rd, Powdersville, SC
-Size: 2,500 SF fully renovated metal building on a half-acre lot
-Tenant: Corporate Connection – a highly successful, multi-location executive relocation company
-Use: Secure storage for exotic and classic cars (corporate and personal)
-Lease: 10 years (currently in Year 2) with 2% rent bumps every 2 years
-Income: $42,000/year NOI, 7% cap rate at asking price of $600,000
-Tenant Obligations: Tenant pays 100% of property taxes, insurance, and maintenance (landlord only responsible for roof and structure—both brand new and in mint condition)
-Already appraised and can be made available if requested.
Recent Capital Improvements (2024):
-Brand new roof + 4 new skylights
-Full electrical system upgrade
-New water line, meter, and drainage system
-Fresh sod, 110 yards of fiber concrete, and regraded lot
Location Advantages:
-Less than 80 seconds to I-85 (Exit 39)
-10 minutes to downtown Greenville
-Anderson County = favorable tax benefits
Investment Summary:
-This is a fully stabilized, turnkey asset with a committed tenant who maintains the property like an owner. With nothing left to do but collect checks, this opportunity offers investors peace of mind, long-term stability, and effortless cash flow.
Mailbox money doesn’t get more literal than this.