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1313 US-123
Seneca, SC 29678
NNN Freestanding Bank of America | Seneca, SC · Retail Property For Sale
Investment Highlights
- GREENVILLE–ANDERSON MSA | HIGH-GROWTH SOUTHEAST REGION
- INVESTMENT-GRADE CORPORATE CREDIT (S&P: A-)
- STRATEGIC HARD-CORNER RETAIL POSITIONING
Executive Summary
PROVEN LOCATION - $106M DEPOSIT BASE & LONG OPERATING HISTORY
- ?Bank of America (and predecessor institutions) has operated at this site since 1985, underscoring long-term commitment to the location and consistent performance within the trade area
- ?The branch maintains a deposit base of approximately $106 million
RECENT LEASE EXTENSION THROUGH 2030
- ?Tenant exercised its most recent five-year renewal option in 2019, extending the lease through May 31, 2030 — reinforcing long-term confidence in the location and underlying market fundamentals
LOW BASIS / HIGH COVERAGE RENT PROFILE
- ?Below-replacement cost pricing and modest rent levels relative to national bank branch economics support long-term tenant viability and renewal probability
INVESTMENT-GRADE CORPORATE CREDIT (S&P: A-)
- ?Lease guaranteed by Bank of America, one of the largest financial institutions globally with ~$3.3 trillion in assets, providing secure and stable income
STRATEGIC HARD-CORNER RETAIL POSITIONING
- ?Located along SC Highway 123 (31,700+ VPD), the dominant retail corridor connecting Seneca and Clemson, with direct access to surrounding retail, residential, and university-driven demand
GREENVILLE–ANDERSON MSA | HIGH-GROWTH SOUTHEAST REGION
- ?Part of one of the fastest-growing MSAs in the Southeast, supported by a diversified employment base, institutional demand drivers, and continued in-migration
- ?Bank of America (and predecessor institutions) has operated at this site since 1985, underscoring long-term commitment to the location and consistent performance within the trade area
- ?The branch maintains a deposit base of approximately $106 million
RECENT LEASE EXTENSION THROUGH 2030
- ?Tenant exercised its most recent five-year renewal option in 2019, extending the lease through May 31, 2030 — reinforcing long-term confidence in the location and underlying market fundamentals
LOW BASIS / HIGH COVERAGE RENT PROFILE
- ?Below-replacement cost pricing and modest rent levels relative to national bank branch economics support long-term tenant viability and renewal probability
INVESTMENT-GRADE CORPORATE CREDIT (S&P: A-)
- ?Lease guaranteed by Bank of America, one of the largest financial institutions globally with ~$3.3 trillion in assets, providing secure and stable income
STRATEGIC HARD-CORNER RETAIL POSITIONING
- ?Located along SC Highway 123 (31,700+ VPD), the dominant retail corridor connecting Seneca and Clemson, with direct access to surrounding retail, residential, and university-driven demand
GREENVILLE–ANDERSON MSA | HIGH-GROWTH SOUTHEAST REGION
- ?Part of one of the fastest-growing MSAs in the Southeast, supported by a diversified employment base, institutional demand drivers, and continued in-migration
Property Facts
Sale Type
Investment NNN
Property Type
Building Size
3,271 SF
Year Built
1993
Price
$2,812,212 CAD
Price Per SF
$859.74 CAD
Cap Rate
6.10%
NOI
$171,560 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.67 AC
Property Taxes
| Parcel Number | 520-55-01-009 | Improvements Assessment | $78,462 CAD |
| Land Assessment | $27,587 CAD | Total Assessment | $106,049 CAD |
Property Taxes
Parcel Number
520-55-01-009
Land Assessment
$27,587 CAD
Improvements Assessment
$78,462 CAD
Total Assessment
$106,049 CAD
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