Greenwood, SC- Chipotle & Mattress Firm

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, Chipotle and Mattress Warehouse multi-tenant investment property located in Greenwood, South Carolina. The strategically positioned building features NNN leases with 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The NNN lease structure limits expense slippage for future owners, ensuring a predictable and low-risk investment profile. Both leases are corporately guaranteed. Chipotle and Mattress Warehouse are slated to open in Q1 2026.

The property is located near the signalized, hard corner intersection of State Highway 72 and U.S. Highway 178, combining to average over 39,400 vehicles passing by daily. State Highway 72 is a major retail thoroughfare serving the city of Greenwood. The site is ideally situated as an outparcel to Greenwood Mall, a 260,000+ square foot shopping center, anchored by TJ Maxx and Belk. Other nearby national/credit tenants include ALDI, Lowe’s Home Improvement, Publix, Food Lion, Dollar General, Walmart Supercenter, Planet Fitness, and others. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site. Furthermore, the property is in close proximity to numerous single-family communities and multi-family complexes including Lakeview Apartments (100 units), University Commons (106 units), Regency Park Apartments (132 units), and more, providing a direct residential consumer base from which the site can draw. The 5-mile trade area is supported by a population of over 45,600 with an average household income of $72,221.

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