For Sale
$2,471,500

3221 Martin Luther King Jr BlvdAnderson, SC 29625

High-growth location, 9,747 SF, 6.31% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 9,747-square-foot retail storefront at 3221 Martin Luther King Jr. Blvd in Anderson, South Carolina, presents a compelling investment opportunity. Boasting a 6.31% cap rate and a strong NOI of $155,952, this single-tenant property offers significant potential. The building sits on a 0.72-acre lot and benefits from a brand-new 10-year lease with a corporate tenant, ensuring consistent income and minimal landlord responsibilities. Located in a high-growth area along the I-85 corridor in Upstate South Carolina, this outparcel property enjoys exceptional visibility, situated across from Anderson Mall and just off Clemson Boulevard, a major retail artery with 34,000 vehicles per day. Martin Luther King Jr. Boulevard itself sees 14,400 vehicles daily. Rent increases are built into the lease, occurring every five years. The property's prime location and long-term lease make it an ideal addition to any investment portfolio. The asking price is $2,471,500. This is a one-story building with 100% occupancy.

Highlights

  • 9,747 SF retail storefront on a 0.72-acre lot in Anderson, SC.
  • Strong financials: 6.31% cap rate and $155,952 NOI.
  • Brand new 10-year lease with a corporate tenant, including rent increases every five years.
  • High-visibility location: I-85 corridor, across from Anderson Mall, and near Clemson Boulevard (34,000 VPD).
  • Asking price: $2,471,500.

Property Details for 3221 Martin Luther King Jr Blvd

Property type
Retail properties, Retail space
Square Feet
9,747 SF
Buildings
1
Stories
1
Lot Size (sq. ft)
31,363 SF

Location Insight

City
Anderson
County
Anderson
State
South Carolina
Latitude
34.5423368
Longitude
-82.6708625
3221 Martin Luther King Jr Blvd, Anderson, South Carolina

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3221 Martin Luther King Jr Blvd
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