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2814 N Main St 10,125 SF Retail Building Anderson, SC 29621 $4,382,121 CAD ($432.80 CAD/SF) 6.80% Cap Rate
INVESTMENT HIGHLIGHTS
- heavy traffic
- New Roof
- Store is in top 13% of all locations nationwide
EXECUTIVE SUMMARY
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.
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.
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.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
10,125 SF
Building Class
C
Year Built
1970
Price
$4,382,121 CAD
Price Per SF
$432.80 CAD
Cap Rate
6.80%
NOI
$297,984 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.27
Lot Size
0.85 AC
Zoning
Commercial
Parking
50 Spaces (5.46 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Pylon Sign
- Signage
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $181,852 CAD | |
| Land Assessment | $98,465 CAD | Total Assessment | $280,318 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$98,465 CAD
Improvements Assessment
$181,852 CAD
Total Assessment
$280,318 CAD
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2814 N Main St
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