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1831 Cannons Campground Rd 8,320 SF 100% Leased Retail Building Spartanburg, SC 29307 $1,737,877 CAD ($208.88 CAD/SF) 8% Cap Rate
Investment Highlights
- Corporate guaranteed NN+ lease with Family Dollar, providing secure income and minimal landlord responsibilities.
- Built-in rent growth with six 5-year options and 5% increases at each extension period.
- Across from Spartanburg Medical Center—Mary Black Campus, a major 747-bed healthcare facility.
- Prime hard-corner location at signalized intersection with ±21,700 vehicles per day for maximum visibility.
- Located in Spartanburg, a rapidly growing market with $3.5B in new capital investments and 1,000+ new jobs.
- ±8,320 SF building on ±1.51 acres with a price of $1,249,750 and 8.00% cap rate.
Executive Summary
Kyle Matthews
Matthews Real Estate Investment Services, Inc
License # 22684, 105710 (SC)
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Matthews Real Estate Investment Services, Inc
License # 22684, 105710 (SC)
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,320 SF
Building Class
B
Year Built
2019
Price
$1,737,877 CAD
Price Per SF
$208.88 CAD
Cap Rate
8%
NOI
$139,030 CAD
Percent Leased
100%
Building Height
1 Story
Building FAR
0.13
Lot Size
1.51 AC
Zoning
gc
Parking
12 Spaces (1.44 Spaces per 1,000 SF Leased)
Frontage
97’ on State Road S-42-31
Fairly walkable
40/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 7-09-06-048.00 | Improvements Assessment | $111,424 CAD |
| Land Assessment | $5,616 CAD | Total Assessment | $117,040 CAD |
Property Taxes
Parcel Number
7-09-06-048.00
Land Assessment
$5,616 CAD
Improvements Assessment
$111,424 CAD
Total Assessment
$117,040 CAD
(813) 725-2182
x4245
Contacts
-
Princeton Douglass -
Daniel Gonzalez -
Matthews Real Estate Investment Services
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1831 Cannons Campground Rd
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