5852 Reidville rd - Storefront FOR SALE


Moore, SC 29369
$2,569,000 USD
980-498-3293
5852 Reidville rd, Moore, SC for Sale
$2,569,000 USD
Storefront - FOR SALE
1/4
null | 6.15% Cap Rate

5852 Reidville rd
Moore, SC 29369


HIGHLIGHTS

  • POSITIONED IN HIGH DEMAND RETAIL TRADE AREA
  • NEW CONSTRUCTION WITH LONG TERM LEASE
  • STRONG LEASE FUNDAMENTALS WITH BUMPS

OVERVIEW

STRONG LEASE FUNDAMENTALS WITH BUMPS - NN Lease with minimal Landlord Responsibilities - Six (6) Five (5) year extensions remaining for the tenant with 8% Increases each option CORPORATE LEASE WITH FORTUNE 500 COMPANY - Sherwin Williams has over 4,900 locations and employs over 61K people - Market cap of $63.89B (NYSE: SHW) - 2024 EOY sales increased to 11.1% to a record $22.15B POSITIONED NEAR MARKET DRIVERS & DEMAND - This Sherwin-Williams is located 1.5 Miles from the 2.0MSF industrial park - Located just 8 miles west of the 8MSF BMW plant which employs over 11,000 people - Over 428 homes and apartment units have been built in the last 4 years pushing total residential supply to over 2K units providing consumer demand POSITIONED IN HIGH DEMAND RETAIL TRADE AREA - Over 312K SF of Retail is located in a 1-mile radius, boasting a sub 1% vacancy Rate - Nearby Major retailers include: Publix Super Market, Ingles Market, McDonalds, and AutoZone HIGH GROWTH UPSTATE SC AREA - Over 25+ colleges and university in the Upstate region providing ~28K graduates to the workforce each year - Greenville, SC has had $11B of capital investment in the trailing 3 years - 13.5% population growth since 2014 NEW CONSTRUCTION WITH LONG TERM LEASE - New Construction built with Sherwin’s newest store layout - Transferable warranties to be assigned to new owner - 10 year lease signed with Sherwin Corporate provides stable income throughout the entire term

FOR SALE DETAILS

PRICE

$2,569,000 USD

PRICE/SF

$642 USD /SF

CAP RATE

6.15%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sherwin-Williams

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.9 AC

LAND SF

39,204 SF

ZONING

-

APN/PARCEL ID

5-32-05-017.00

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 Policy.