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1290 Ridge RdGreenville, SC 29607

Greenville, SC: High-ROI Retail Investment

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional investment opportunity presents a fee-simple interest in a 67,000-square-foot, single-tenant retail portfolio located in Greenville, South Carolina. The property, built in 1997 and renovated in 2014, consists of a single, one-story building situated on a 5.99-acre lot. Currently 100% occupied by Caliber Collision, a credit-rated tenant with a corporate guarantee, the property boasts a strong Net Operating Income (NOI) of $264,406, projected to increase to $280,270. The lease, classified as NN+, features a remaining term of 0.4 years with two five-year options, and includes CPI rent bumps every three years, capped at a 6% maximum increase. The property is zoned I-I and benefits from excellent visibility and access. The tenant's long-term commitment, coupled with the potential for future rent increases or individual leasing, makes this a compelling value-add investment. This portfolio represents a significant opportunity within a thriving Greenville-Spartanburg MSA, a region known for its robust economy and strong business growth. The property's location within a dense industrial corridor further enhances its investment appeal. Detailed financial information and lease specifics are available upon request. The property's APN is M01 1.01-01-003.26.

Highlights

  • One of the largest Caliber Collision locations nationally.
  • Ranked 3rd busiest Caliber Collision center in South Carolina (Placer.AI data).
  • High visibility and accessibility on Fairforest Way (13,600+ VPD).
  • Excellent Interstate-85 proximity (121,000+ VPD).
  • Situated in a dense industrial area with major tenants including IVC, Proterra, and United Chemical.
  • Low 0.6% vacancy rate for comparable properties within a 5-mile radius.

Property Details for 1290 Ridge Rd

Property type
Retail properties, Retail space
Square Feet
67,000 SF
Class
A
Year Built/Renovated
1997/2014
Buildings
1
Stories
1
Lot Size (sq. ft)
260,924 SF
Units
1

Location Insight

City
Greenville
County
Greenville
State
South Carolina
Latitude
34.80498775
Longitude
-82.33864906
1290 Ridge Rd, Greenville, South Carolina

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1290 Ridge Rd
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