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University Square 5000 Old Buncombe Rd 29,877 SF of 4-Star Retail Space Available in Greenville, SC 29617
Highlights
- Located on a 10.49-acre site zoned C-2, allowing for diverse retail and commercial uses.
- Positioned in the Greenville/Spartanburg market with convenient access to major thoroughfares.
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 29,877 SF | Negotiable | $22.54 CAD/SF/YR $1.88 CAD/SF/MO $673,299 CAD/YR $56,108 CAD/MO | Triple Net (NNN) |
1st Floor
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Property Facts
| Total Space Available | 29,877 SF | Gross Leasable Area | 47,064 SF |
| Property Type | Retail | Year Built | 2023 |
| Total Space Available | 29,877 SF |
| Property Type | Retail |
| Gross Leasable Area | 47,064 SF |
| Year Built | 2023 |
About the Property
Positioned in a growing commercial corridor, 5000 Old Buncombe Road offers a sizable retail asset on a prominent 10.49-acre parcel in Greenville, South Carolina. Zoned C-2, this property provides flexibility for a variety of retail and commercial uses. The site features approximately 29,877 square feet of leasable space within a strip commercial center designation, making it an attractive option for businesses requiring visibility and accessibility. Located in the Greenville/Spartanburg market and the Travelers Rest submarket, the property benefits from strong regional connectivity and a steadily expanding customer base. Surrounding land use includes retail, restaurants, and residential communities, creating consistent traffic patterns to support business growth. The area has demonstrated solid demographic trends with projected population growth exceeding 7% within a three-mile radius by 2030. Convenient access to primary road networks ensures easy ingress and egress, while ample parking supports a wide range of retail operations. Its proximity to Greenville’s urban core and major transportation routes positions this property as a compelling opportunity for operators seeking a foothold in one of South Carolina’s most vibrant commercial markets.
- Air Conditioning
Nearby Major Retailers
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University Square | 5000 Old Buncombe Rd
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