3214 Boiling Springs Rd - Retail FOR SALE


Boiling Springs, SC 29316
$2,240,000 USD
404-934-5558
3214 Boiling Springs Rd, Boiling Springs, SC for Sale
$2,240,000 USD
Retail - FOR SALE
1/3
null | 6.25% Cap Rate

3214 Boiling Springs Rd
Boiling Springs, SC 29316


HIGHLIGHTS

  • Rare 12-year corporate absolute NNN ground lease
  • Prime frontage and access along Boiling Springs Rd (34,000+ VPD)
  • $101,000+ AHHI and 1.90% annual population growth within a 1-mile radius
  • Less than one mile from Target, Walmart, Lowe's, Aldi, Harbor Freight, Chick-fil-A, Whataburger and more
  • High growth and rapidly expanding Spartanburg submarket | Large influx of commercial and residential development
  • Two miles north of Interstate 85 interchange (76,000+ VPD)

OVERVIEW

TSCG is pleased to offer for sale a newly constructed Caribou Coffee in Boiling Springs (Spartanburg), SC. The Property is strategically located along Hwy 9 (34,000+ VPD) in a high growth and active retail corridor. Boiling Springs is one of the fastest growing areas in Upstate SC fueled by its proximity to Interstate 85 and continued residential/commercial development. One mile north of Caribou is Target (opened in 2024), Walmart, Lowe’s, Aldi, Harbor Freight, Chick-fil-A, Whataburger and more. Within a 1-mile radius, the AHHI exceeds $101,000 and the population is expected to grow nearly 10% by 2030. The lease features a rare 12-year absolute NNN ground lease with 10% bumps every 5 years starting in year 7.

FOR SALE DETAILS

PRICE

$2,240,000 USD

PRICE/SF

$2,240 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Caribou Coffee | Spartanburg MSA

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Fast Food, Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.44 AC

LAND SF

19,166 SF

ZONING

-

APN/PARCEL ID

2-44-06-041.01

ASK ABOUT THIS PROPERTY

404-934-5558

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404-934-5558

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