For Sale
$2,861,429

224 E Butler Rd Mauldin, SC 29662

Established CVS, high-growth Mauldin, SC.

Overview

Added:
Jan 27
Days on market:
87
This offering presents a unique opportunity to acquire a well-established CVS Pharmacy located in the thriving city of Mauldin, South Carolina. The property features a 10,125 square foot building situated on a 1.4-acre lot at a prominent hard corner location on E Butler Rd, experiencing over 24,000 vehicles per day. The property benefits from its proximity to I-185 and the rapidly developing BridgeWay Station, a 40-acre mixed-use development. This CVS location is distinguished by its inclusion of a MinuteClinic, a feature present in only 15% of CVS locations nationwide. The property is subject to a double net lease, corporately guaranteed by CVS, expiring in December 2027 with no renewal options. Landlord responsibilities are minimal, focusing on roof and structure maintenance. The roof was recently replaced in 2021. Mauldin is experiencing significant population growth, projected to increase from 28,000 to 35,000 residents by 2030. The strong demographics within a 5-mile radius include 133,316 residents with an average household income of $101,022. This investment offers a compelling combination of a stable, nationally recognized tenant, a prime location in a high-growth market, and minimal landlord responsibilities, making it an attractive addition to any investment portfolio. The asking price for this net-lease investment property is $2,861,429.

Highlights

  • High-traffic location on E Butler Rd, exceeding 24,000 vehicles daily.
  • Strong CVS corporate guarantee with minimal landlord responsibilities until 2027.
  • Prime Mauldin, SC location; population projected to increase 25% by 2030.

Property Details for 224 E Butler Rd

Property type
Retail properties, Investment properties
Investment Type
net-lease
Square Feet
10,125 SF
Price / Square Foot
$282.61
Buildings
1
Stories
1
Elevators
N/A
Lot Size (sq. ft)
60,984 SF
Units
1

Location Insight

City
Mauldin
County
State
South Carolina

FAQs

What type of property is this?
Retail property - Established CVS, high-growth Mauldin, SC.
Where is the retail property located?
The property is located at 224 E Butler Rd Mauldin, SC.
What is the asking price?
The asking price for this property is $2,861,429.
What are key features of this property?
This property features: High-traffic location on E Butler Rd, exceeding 24,000 vehicles daily.; Strong CVS corporate guarantee with minimal landlord responsibilities until 2027.; Prime Mauldin, SC location; population projected to increase 25% by 2030.
How can I contact the broker?
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224 E Butler Rd
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