For Sale
$1,250,000

6135 White Horse RdGreenville, SC 29611

Greenville, SC retail investment opportunity

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 5,200 square foot shopping center in Greenville, South Carolina, presents a compelling value-add investment opportunity. Located on White Horse Road, this single-story, 2005-built property boasts a prime location across from a Walmart Supercenter, benefiting from high visibility and significant traffic (22,481 vehicles per day). The center features three tenants: a nail salon, World Finance, and a newly-leased Wingstop, all operating under a triple-net (NN+) lease structure with rent bumps. The current occupancy is 100%, with a remaining lease term of approximately 1.3 years. The property includes a dedicated turn lane, pylon signage, and ample parking (21 spaces per 1,000 square feet). The 0.5-acre lot is zoned C-3, offering flexibility for future development. The current Net Operating Income (NOI) is $84,336, yielding a 6.75% cap rate at the asking price of $1,250,000 ($240.38 per square foot). Each lease includes options, providing long-term stability and potential for increased revenue. The property's strong tenant mix, favorable lease terms, and strategic location make it an attractive investment prospect with significant upside potential. Detailed lease information is available upon request.

Highlights

  • 5,200 SF shopping center in Greenville, SC, on White Horse Road across from a Walmart Supercenter.
  • Triple-net (NN+) leased to Nail City, World Finance, and a new Wingstop tenant; 100% occupancy.
  • Strong location with high visibility and traffic (22,481 VPD); 0.5-acre lot zoned C-3.
  • $1,250,000 asking price; $240.38/SF; 6.75% cap rate; $84,336 NOI.
  • Ample parking (21 spaces/1,000 SF), pylon signage, and dedicated turn lane.

Property Details for 6135 White Horse Rd

Property type
Lifestyle centers, Power centers
Square Feet
5,200 SF
Class
B
Year Built/Renovated
2005/2005
Buildings
1
Stories
1
Units
3

Location Insight

City
Greenville
County
Greenville
State
South Carolina
Latitude
34.8543646
Longitude
-82.4557698
6135 White Horse Rd, Greenville, South Carolina

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6135 White Horse Rd
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