For Sale
$1,757,000

8110 White Horse Rd Greenville, SC 29617

High-yield NNN lease, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional 16,975 square foot retail storefront, located at 8110 White Horse Rd in Greenville, South Carolina, presents a compelling investment opportunity. The property boasts a 7.50% cap rate and a current net operating income (NOI) of $131,787. The building, renovated in 2013, sits on a 1.84-acre lot and is currently 100% occupied by Flowers Foods (Flowers Bakery), a historically recession-proof tenant with a BBB investment-grade rating. The lease is a triple-net (NNN) agreement, meaning the tenant is responsible for most operating expenses, with the landlord responsible only for roof and structural components. The current lease expires in June 2028, providing immediate cash flow, and includes two, five-year renewal options with a 10% rent increase in each option period. The asking price is $1,757,000, translating to $103.51 per square foot. This property offers a stable, long-term investment with significant upside potential. The property's location in Greenville, SC, within Greenville County, zip code 29617, ensures high visibility and accessibility. This is a rare opportunity to acquire a high-performing retail asset with a strong tenant and favorable lease terms.

Highlights

  • Lease expiration: June 2028.
  • Two, five-year renewal options with 10% rent increases each.

Property Details for 8110 White Horse Rd

Property type
Retail properties, Retail space
Square Feet
16,975 SF
Year Renovated
2013
Lot Size (sq. ft)
80,150 SF

Location Insight

City
Greenville
County
Greenville
State
South Carolina
Latitude
34.896412452405
Longitude
-82.466355159679

FAQs

What type of property is this?
Retail property - High-yield NNN lease, strong tenant.
Where is the retail property located?
The property is located at 8110 White Horse Rd Greenville, SC.
What is the asking price?
The asking price for this property is $1,757,000.
What are key features of this property?
This property features: Lease expiration: June 2028.; Two, five-year renewal options with 10% rent increases each.;
How can I contact the broker?
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8110 White Horse Rd
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