901 Front StIva, SC 29655

Property Details for 901 Front St

Year built

2005

Lot size

0.75 AC

Property type

Retail properties

Property subtype

Grocery and convenience stores

Description

This exceptional investment opportunity presents a 0.75-acre, net-leased convenience store in Iva, South Carolina. The property, built in 2005, is currently 100% occupied by a Dollar General, Dollar Tree, and Family Dollar store under a single, corporately guaranteed lease with an investment-grade credit tenant. The lease commenced June 1, 2006, and expires June 30, 2031, offering a remaining term of 6.7 years. The current annual Net Operating Income (NOI) is $83,308, resulting in an attractive 8.35% cap rate. The asking price is $997,702. The tenant has a proven track record, having exercised multiple lease options, demonstrating a strong long-term commitment to the location. The lease includes three, five-year options, each with a 10% rent increase. This property benefits from strong demographics, with a 5-mile population of 7,062 residents and a 10-mile population of 20,406. Its strategic location, 44 miles southwest of Greenville, SC, further enhances its appeal. This is a rare opportunity to acquire a stable, high-performing retail investment with significant upside potential. The property is located at 901 W Front St, Iva, SC 29655, in Anderson County.

Location Insight

City

Iva

County

Anderson

State

South Carolina

Latitude

34.3089

Longitude

-82.6627

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