680 Old Greenville Hwy - Supermarket FOR SALE


Clemson, SC 29631
$15,283,158 USD
407-234-4111
680 Old Greenville Hwy, Clemson, SC for Sale
$15,283,158 USD
Supermarket - FOR SALE
1/19
null | 4.75% Cap Rate

680 Old Greenville Hwy
Clemson, SC 29631


HIGHLIGHTS

  • Investment Grade Credit Rating "AA" by S&P/Fitch
  • Walmart fuel and convenience store
  • Less than three miles away from the main gate of Clemson University, which boosts a student population of 29,000.
  • The Clemson football stadium is also approx. three miles away and draws over 81,500 fans to games.
  • Lease has a corporate guarantee | NYSE: WMT
  • Lease includes contractual rent increases during option periods

OVERVIEW

Collison Capital, LLC is pleased to present Walmart Neighborhood Market in Clemson, South Carolina. Built in 2015 and situated on 6.2 acres of land, Walmart Neighborhood Market is comprised of 41,117 square feet of retail space which includes a drive-thru pharmacy, and a multi-pump fuel station with convenience store on-site. The subject property provides an investor the opportunity to acquire an asset that is leased to an investment grade tenant and has attractive lease terms. This Walmart Neighborhood Market is subject to a 20-year modified triple net (NNN) lease with 9 years remaining. The current annual rent is $725,950 during the base term and includes 10% rental increases in the first and second option periods and 5% rental increases in the third and fourth option periods. The lease features minimal landlord responsibilities, with the landlord only responsible for the roof and structure. (Roof includes a 15-year warranty)

FOR SALE DETAILS

PRICE

$15,283,158 USD

PRICE/SF

$372 USD /SF

CAP RATE

4.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walmart Neighborhood Market

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Supermarket

ADD'L SUBTYPES

Convenience Store, Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2015

SPRINKLERS

-

PARKING SPACES

100

LAND DETAILS

LAND ACRES

6.2 AC

LAND SF

270,072 SF

ZONING

PD

APN/PARCEL ID

4054-12-86-5698

ASK ABOUT THIS PROPERTY

Carter CollisonCollison CapitalMore Info
407-234-4111

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Carter CollisonCollison CapitalMore Info
407-234-4111

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