For Sale
$1,729,032

1876 Blackstock RdRoebuck, SC 29376

High-yield retail investment in SC.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 16,750-square-foot Dollar Tree storefront in Roebuck, South Carolina. The property boasts a brand-new 10-year net lease with a corporate guarantee, ensuring consistent income. The building underwent a complete renovation in 2024, and features a new parking lot with approximately 45 spaces. Located on 1.278 acres, this single-tenant property offers a strong 7.75% cap rate and a substantial net operating income (NOI) of $134,000, based on an asking price of $1,729,032. The property's price per square foot is $103.23, significantly below replacement cost. The location is strategically positioned less than five miles from Highway 29, a major retail corridor in Spartanburg. The property benefits from its proximity to Interstate 26 and Highway 221, providing excellent accessibility. Furthermore, the surrounding area is experiencing significant residential growth, with over 1,079 new homes under development within a two-mile radius. The Greenville-Spartanburg MSA, where this property resides, is recognized for its robust economy, driven by manufacturing, aerospace, and a skilled workforce. Dollar Tree, a Fortune 150 company with over 15,000 locations nationwide, enjoys a strong credit rating (BBB by Standard & Poor's) and boasts annual revenue exceeding $30.6 billion. The property's location within this thriving market, coupled with the strength of the tenant and lease terms, makes this a compelling investment opportunity. The lease includes five-year renewal options. The property is 100% occupied.

Highlights

  • Less than 5 miles to Hwy 29, Spartanburg's main retail corridor.
  • New 45-space parking lot (2024).
  • Over 1,079 new homes are under development within 2 miles.
  • Low cost per square foot; below replacement cost.
  • Investment-grade "BBB" S&P credit rating.
  • Dollar Tree (DLTR), a Fortune 150 company with over 15,000 locations and $30.6B+ annual revenue.

Property Details for 1876 Blackstock Rd

Property type
Retail properties, Retail space
Square Feet
16,750 SF
Year Renovated
2024
Buildings
1
Lot Size (sq. ft)
55,670 SF

Location Insight

City
Roebuck
County
Spartanburg
State
South Carolina
Latitude
34.885821610507
Longitude
-81.971020902972
1876 Blackstock Rd, Roebuck, South Carolina

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
1876 Blackstock Rd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message