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100 Mcmillan Street

Spartanburg, SC 29303
  • $3,640,000
  • STATUS: Active
  • ON SITE: 42 Days
  • MLS #: 20257800
UPDATED: 30 min ago
$3,640,000
  • 0
    BEDS
  • 4.75
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
County:

School Ratings & Info

Description

55,946 SF shopping center sitting on 4.75 AC located right off N. Pine Street (29,400 VPD) in rapidly growing Spartanburg, SC! Garner Square is located less than 1 mile from Wofford College and Spartanburg Medical Center and just 5 minutes from Interstate 85. This is a landmark property surrounded by national retail and right next door to a brand new 208 unit apartment complex providing additional density to an already mature retail market. With a brand new 10 year lease from an anchor tenant occupying 25,000 SF and a weighted average lease term of more than 7 years this is a great opportunity for an investor looking for a good long term stable investment. At just $65/SF it is priced well below replacement cost, and is a great opportunity at a 7.15% cap rate based on in place NOI. Call Listing Agent for additional details.

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© 2023 Western Upstate Multiple Listing Service, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. Neither the Western Upstate Association of REALTORS®, Inc. or Western Upstate Multiple Listing Service of South Carolina, Inc., nor the listing broker, nor their agents or subagents are responsible for the accuracy of this information. The buyer is responsible for verifying all information. This information is provided by the Western Upstate Association of REALTORS®, Inc. and Western Upstate Multiple Listing Service of South Carolina, Inc. for use by its members and is not intended for the use for any other purpose. The data relating to real estate for sale on this Web site comes in part from the Broker Reciprocity Program of the Western Upstate Association of REALTORS®, Inc. and the Western Upstate Multiple Listing Service, Inc. Data last updated: 2023-01-27T11:35:47.66.
www.tri-countyproperties.com/homes/135437288
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100 Mcmillan Street Spartanburg, SC 29303

  • Price: $3,640,000
  • Status: Active
  • On Site: 42 Days
  • Updated: 30 min ago
  • MLS #: 20257800
0
Beds
0
Baths
0
½ Baths
4.75
Acres
Neighborhood:
560-Spartanburg County,Sc
County:
Spartanburg
Area:
560-Spartanburg County,Sc
Property Description
55,946 SF shopping center sitting on 4.75 AC located right off N. Pine Street (29,400 VPD) in rapidly growing Spartanburg, SC! Garner Square is located less than 1 mile from Wofford College and Spartanburg Medical Center and just 5 minutes from Interstate 85. This is a landmark property surrounded by national retail and right next door to a brand new 208 unit apartment complex providing additional density to an already mature retail market. With a brand new 10 year lease from an anchor tenant occupying 25,000 SF and a weighted average lease term of more than 7 years this is a great opportunity for an investor looking for a good long term stable investment. At just $65/SF it is priced well below replacement cost, and is a great opportunity at a 7.15% cap rate based on in place NOI. Call Listing Agent for additional details.
Property Features

Bank Owned No Inside City Limits No Sale Or Rent For Sale Short Sale No Sub Type Retail Building

Listing information © 2023 Western Upstate Multiple Listing Service, Inc.
Listing provided courtesy of John Wright Jr. of Mccoy Wright, Inc (24029): 864-224-3503.



© 2023 Western Upstate Multiple Listing Service, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. Neither the Western Upstate Association of REALTORS®, Inc. or Western Upstate Multiple Listing Service of South Carolina, Inc., nor the listing broker, nor their agents or subagents are responsible for the accuracy of this information. The buyer is responsible for verifying all information. This information is provided by the Western Upstate Association of REALTORS®, Inc. and Western Upstate Multiple Listing Service of South Carolina, Inc. for use by its members and is not intended for the use for any other purpose. The data relating to real estate for sale on this Web site comes in part from the Broker Reciprocity Program of the Western Upstate Association of REALTORS®, Inc. and the Western Upstate Multiple Listing Service, Inc. Data last updated: 2023-01-27T11:35:47.66.
 
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Tri-County Properties at KW Lake Region
450-B Bypass 123
Seneca SC, 29678