Log In/Sign Up
Your email has been sent.
1466 Woodruff Rd 4,218 SF Retail Building Greenville, SC 29607 $4,201,430 CAD ($996.07 CAD/SF) 4.40% Cap Rate
Investment Highlights
- Corporate-guaranteed absolute NNN lease with zero landlord responsibilities
- Strategic location on Woodruff Road, Greenville’s dominant retail corridor with 40,305 VPD
- Strong market fundamentals with high-income demographics and rapid regional growth
- 15-year initial term with three 5-year renewal options and 10% rent escalations every five years
- Surrounded by top-tier national retailers, including Walmart, Hobby Lobby, Starbucks, and Publix
Executive Summary
This offering presents a premier single-tenant net lease investment opportunity featuring Whataburger, a nationally recognized quick-service restaurant brand with a strong regional presence. Located at 1466 Woodruff Road in Greenville, South Carolina, the property benefits from a high-traffic retail corridor with over 40,000 vehicles per day and exceptional visibility. The site is surrounded by major national retailers, including Walmart, Hobby Lobby, Starbucks, and Publix, creating a robust consumer draw and consistent foot traffic.
The tenant, Whataburger Restaurants, LLC, operates under a corporate-guaranteed, absolute NNN lease structure, providing investors with a truly passive income stream. The original 15-year lease commenced in June 2024 and runs through June 2039, with three 5-year renewal options and 10% rental increases every five years. Current annual rent starts at $135,000, escalating to $215,725 in later option periods, ensuring long-term income growth.
Greenville is one of the fastest-growing markets in the Southeast, strategically positioned near major interstates (I-85 and I-385) and within driving distance of Charlotte, Atlanta, and Asheville. The area boasts strong demographics, with a projected 2025 population of over 219,000 within a 15-minute radius and average household incomes exceeding $120,000. This combination of a high-performing tenant, long-term lease security, and a thriving location makes this property an ideal addition to any investment portfolio.
The tenant, Whataburger Restaurants, LLC, operates under a corporate-guaranteed, absolute NNN lease structure, providing investors with a truly passive income stream. The original 15-year lease commenced in June 2024 and runs through June 2039, with three 5-year renewal options and 10% rental increases every five years. Current annual rent starts at $135,000, escalating to $215,725 in later option periods, ensuring long-term income growth.
Greenville is one of the fastest-growing markets in the Southeast, strategically positioned near major interstates (I-85 and I-385) and within driving distance of Charlotte, Atlanta, and Asheville. The area boasts strong demographics, with a projected 2025 population of over 219,000 within a 15-minute radius and average household incomes exceeding $120,000. This combination of a high-performing tenant, long-term lease security, and a thriving location makes this property an ideal addition to any investment portfolio.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
4,218 SF
Building Class
C
Year Built
2024
Price
$4,201,430 CAD
Price Per SF
$996.07 CAD
Cap Rate
4.40%
NOI
$184,863 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.22 AC
Zoning
C2 - Commercial
Parking
60 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Drive Thru
Nearby Major Retailers
Property Taxes
| Parcel Number | 0547.03-01-043.05 | Improvements Assessment | $115,716 CAD |
| Land Assessment | $99,208 CAD | Total Assessment | $214,923 CAD |
Property Taxes
Parcel Number
0547.03-01-043.05
Land Assessment
$99,208 CAD
Improvements Assessment
$115,716 CAD
Total Assessment
$214,923 CAD
1 of 7
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
1466 Woodruff Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.