Fully Leased Strip Mall in Simpsonville, SC

680 Fairview Road, Simpsonville, SC

$1,200,000

Price

7%

Cap Rate

$84,851.65

NOI

Overview
Cap Rate
7%
NOI
$84,851.65
Building Size
8,868 sqft
Lot Area
0.94 acres
Occupancy
100%
Units
5
Description

Excellent investment opportunity in Simpsonville, SC! All 5 units in this center are leased (one tenant occupies 2 adjacent spaces, counted as 1 unit). These tenants have been in place for an extended period, primarily operating under a gross lease agreement. As lease renewals approach in 2024, there is an opportunity to transition to NNN leases and modify the terms of the lease agreements. This center boasts an ideal position along the bustling Fairview road, with an estimated daily vehicle traffic of 29,100. It is in close proximity to interstate 385 and minutes from the fast growing city of Greenville, SC. Contact us at commercial@primerealtysc.com or 864.438.2999 for more information.

Simpsonville, SC.

Highlights
  • 5 Units - 100% Leased
  • Average Daily Traffic on Fairview Road is 29,100
  • Close Proximity to Interstate 385
  • Cap Rate: 7%
Documents

Location
Gallery