For Sale
$4,066,057

2814 Main StAnderson, SC 29621

High-Yield CVS Pharmacy in Anderson, SC

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a single-tenant, 10,125 square foot CVS Pharmacy building situated on a 1.16-acre lot at 2814 N Main St, Anderson, SC 29621. The property boasts a strong operating history of nearly 25 years, with a current lease extending to January 31, 2034, offering over 9.2 years of remaining term. The lease, extended in 2019 for 15 years, includes four five-year option periods with rent increases. This prime location, situated at a signalized intersection on Anderson's busiest corridor, benefits from exceptional visibility and minimal landlord responsibilities. The building features a new roof (installed in 2017) and is consistently ranked among the top performing CVS locations nationally (top 13% nationwide, #12 in South Carolina, and #2 within a 30-mile radius). The property's strong performance is further evidenced by historically high sales figures and a 5.25% cap rate, generating a net operating income (NOI) of $213,468. The asking price is $4,066,057, translating to $401.59 per square foot. This is an irreplaceable piece of real estate in a growing market, strategically positioned near other prominent businesses including QuikTrip, Walgreens, and a soon-to-open Whataburger. The property offers significant frontage on Main Street (237 feet) and Concord Road (172 feet). This is a rare opportunity to acquire a high-performing, credit-tenant property with substantial long-term growth potential.

Highlights

  • 10,125 SF CVS Pharmacy on 1.16 acres in Anderson, SC.
  • $4,066,057 asking price, 5.25% cap rate, $401.59/SF.
  • 9.2 years remaining on the lease (expires 1/31/2034), with four 5-year option periods.
  • 100% occupancy, $213,468 NOI.
  • Located on a signalized intersection on a major corridor, near other national retailers.
  • Minimal landlord responsibilities; new roof installed.

Property Details for 2814 Main St

Property type
Retail properties, Drug stores
Square Feet
10,125 SF
Buildings
1
Stories
1
Lot Size (sq. ft)
50,530 SF

Location Insight

City
Anderson
County
Anderson
State
South Carolina
Latitude
34.5323398
Longitude
-82.6632328
2814 Main St, Anderson, South Carolina

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2814 Main St
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