For Sale
$655,586

3120 White Horse Rd Greenville, SC 29611

High-yield TitleMax storefront, 7% CAP rate.

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional investment opportunity presents a single-tenant, net-leased storefront located at 3120 White Horse Road, Greenville, SC 29611. The property, a 2,100 square foot building constructed in 1980/2010, is currently 100% occupied by TitleMax under a lease commencing June 20, 2010. The lease features annual rent bumps of 2%, ensuring consistent income growth. The property boasts a strong net operating income (NOI) of $45,891, translating to an attractive 7.00% capitalization rate. This is a single-story building situated on a prime retail corridor in Greenville, surrounded by other national retailers. The location benefits from a dense population, with over 120,000 people residing within a 5-mile radius, and an average household income exceeding $87,392. The asking price is $655,586. The investment is further secured by a corporate guarantee, minimizing risk and providing peace of mind. This "bite-size" deal is ideal for investors seeking a stable, high-return investment with significant upside potential. The property's strategic location, strong tenant, and favorable lease terms make it a compelling opportunity in the thriving Greenville market.

Highlights

  • Net-leased, single-tenant storefront at 3120 White Horse Road, Greenville, SC 29611.
  • 2,100 SF building, 100% occupied by TitleMax under a lease with 2% annual rent increases.
  • Strong NOI of $45,891, resulting in a 7.00% cap rate. Asking price: $655,586.
  • Prime retail location with high population density (over 120,000 within 5 miles) and high average household income (over $87,392).
  • Investment secured by corporate guarantee.

Property Details for 3120 White Horse Rd

Property type
Retail properties, Retail space
Square Feet
2,100 SF
Year Built
1980
Buildings
1
Stories
1

Location Insight

City
Greenville
County
Greenville
State
South Carolina
Latitude
34.8167055
Longitude
-82.4415703

FAQs

What type of property is this?
Retail property - High-yield TitleMax storefront, 7% CAP rate.
Where is the retail property located?
The property is located at 3120 White Horse Rd Greenville, SC.
What is the asking price?
The asking price for this property is $655,586.
What are key features of this property?
This property features: Net-leased, single-tenant storefront at 3120 White Horse Road, Greenville, SC 29611.; 2,100 SF building, 100% occupied by TitleMax under a lease with 2% annual rent increases.; Strong NOI of $45,891, resulting in a 7.00% cap rate. Asking price: $655,586.
How can I contact the broker?
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3120 White Horse Rd
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