Overview

Description

Sands Investment Group is Pleased to Exclusively Offer For Sale the 32,144 SF Build-to-Suit DHL Express Located at 331 West Phillips Road in Greer, SC. DHL Has 23 Years of Successful Operating History at This Location With a Rare 6 Year Term on a Triple Net (NNN) Lease and 3+ Years Remaining Including 2 x 5 Year Options.

This Strategic Location is Adjacent to Interstate 85 and 2-Miles From the Greenville-Spartanburg International Airport, Which Provides an Opportunity For a Best-of-Class Investment With a BBB Investment-Grade Tenant in the Highly Desirable Greenville, SC Industrial Market.



In Cooperation With:
Sands Investment Group Charleston, LLC - Lic. # 20891
BoR: Chris Sands - Lic # 93103

Highlights

• Corporate Guaranteed Triple Net (NNN) Lease With Over 3 Years Remaining and 2 x 5 Year Options
• Rent is Slightly Below Cur rent Market Rents For the GSP Industrial Corridor
• Annual Rent Increase of 3% With an Average NOI of $183,289 For Remaining Term
• BBB Investment -Grade Credit Rating With $83.5 Billion in 2020 Revenues
• Strategic Location Situated Adjacent to Interstate-85 and Only 2-Miles From the Greenville-Spartanburg International Airport
• Successful Operating History With Over 23 Years at This Location Showing Strong Commitment to the Site
• Build-to-Suit DHL Express
• Excellent Demographics With a Population of 105,337 Residents Making an Average Household Income of $98,887 Within a 5-Mile Radius
• DHL Express is Deutsche Post DHL Group’s Most Profitable Division - $20 Billion in Annual Revenues and Daily Shipments Increasing By an Average of 6.10% YOY
• Nearby Tenants Include: UPS Freight, Bausch & Lomb, Michel in North American Headquarters, Sunbelt Rentals, BMW Manufacturing Plant, AIT Worldwide, Speedway Packaging & Distribution, Top Golf and More

Documents

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