Description
This is a great opportunity for an investor looking for a credit tenant on A+ real estate in a growing market! This store has been open for almost 25 years and historical sales data speaks to the strength of the location. The property has very minimal Landlord responsibilities and even less given the fact that a new roof was put on in 2017. Asking Price is based on a 5.25% cap rate. It sits on 1.16 AC at the Main and Main interchange in Anderson, SC, a growth market located on the I-85 corridor in upstate South Carolina. This property is the fourth corner to an all star lineup of QuikTrip, Walgreens, and a soon to be opened Whataburger! CVS extended the lease for 15 years in 2019 and possesses four 5 year options after that with rent increases at each option period.With 237 of frontage on Main Street and 172 of frontage on Concord Road, this is a prominent location with excellent visibility. Contact broker for additional information such as lease, historical sales, and drawings.
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School Ratings & Info
Description
This is a great opportunity for an investor looking for a credit tenant on A+ real estate in a growing market! This store has been open for almost 25 years and historical sales data speaks to the strength of the location. The property has very minimal Landlord responsibilities and even less given the fact that a new roof was put on in 2017. Asking Price is based on a 5.25% cap rate. It sits on 1.16 AC at the Main and Main interchange in Anderson, SC, a growth market located on the I-85 corridor in upstate South Carolina. This property is the fourth corner to an all star lineup of QuikTrip, Walgreens, and a soon to be opened Whataburger! CVS extended the lease for 15 years in 2019 and possesses four 5 year options after that with rent increases at each option period.With 237 of frontage on Main Street and 172 of frontage on Concord Road, this is a prominent location with excellent visibility. Contact broker for additional information such as lease, historical sales, and drawings.
© 2024 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: 2024-10-12T20:35:45.44.