Highlights:

• Value Add - Below market rents
• Great location in Simpsonville on NE Main Street
• Well maintained property
• High growth market with low vacancy rates

Description:

Reedy River Retail at SVN Palmetto is pleased to present a value-add investment opportunity in the sought after Simpsonville, SC market. The property consists of two office buildings totaling ±10,317 SF which are fully leased providing immediate cash flow with future value add potential. The combination of below market rents, staggered lease expiration in the coming years, and the ability to convert leases to triple net provide significant upside for a forward thinking investor. The seller has made some capital improvements to the property including resurfacing the parking lot and replacing a significant portion of the roof in recent years. Conveniently located on NE Main Street in Simpsonville, South Carolina, the property has excellent visibility, multiple points of ingress/egress for easy access, as well as a large monument sign to showcase the tenants.

Simpsonville is among the fastest growing submarkets of Greenville, SC with population growth in excess of 38% over the last decade and recognized as one of the best places to live in South Carolina. Rental rates have increased substantially in recent years in the the Simpsonville market, creating a tremendous opportunity to add value by increasing the NOI as under market leases expire and converting MG leases to NNN.

Reedy River Retail at SVN Palmetto is pleased to present a value-add investment opportunity in the sought after Simpsonville, SC market. The property consists of two office buildings totaling ±10,317 SF which are fully leased providing immediate cash flow with future value add potential. The combination of below market rents, staggered lease expiration in the coming years, and the ability to convert leases to triple net provide significant upside for a forward thinking investor. The seller has made some capital improvements to the property including resurfacing the parking lot and replacing a significant portion of the roof in recent years. Conveniently located on NE Main Street in Simpsonville, South Carolina, the property has excellent visibility, multiple points of ingress/egress for easy access, as well as a large monument sign to showcase the tenants.

Simpsonville is among the fastest growing submarkets of Greenville, SC with population growth in excess of 38% over the last decade and recognized as one of the best places to live in South Carolina. Rental rates have increased substantially in recent years in the the Simpsonville market, creating a tremendous opportunity to add value by increasing the NOI as under market leases expire and converting MG leases to NNN.

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