8110 White Horse RdGreenville, SC 29617

Property Details for 8110 White Horse Rd

Lot size

1.84 AC

Zone code

C2

Property type

Retail space

APN

B006.00-01-014.01

APU

B006000101401

Description

This exceptional 16,975 square foot retail storefront, located at 8110 White Horse Rd in Greenville, South Carolina, presents a compelling investment opportunity. The property boasts a 7.50% cap rate and a current net operating income (NOI) of $131,787. The building, renovated in 2013, sits on a 1.84-acre lot and is currently 100% occupied by Flowers Foods (Flowers Bakery), a historically recession-proof tenant with a BBB investment-grade rating. The lease is a triple-net (NNN) agreement, meaning the tenant is responsible for most operating expenses, with the landlord responsible only for roof and structural components. The current lease expires in June 2028, providing immediate cash flow, and includes two, five-year renewal options with a 10% rent increase in each option period. The asking price is $1,757,000, translating to $103.51 per square foot. This property offers a stable, long-term investment with significant upside potential. The property's location in Greenville, SC, within Greenville County, zip code 29617, ensures high visibility and accessibility. This is a rare opportunity to acquire a high-performing retail asset with a strong tenant and favorable lease terms.

• CAP approach

  CAP return

  Valuation

  6%

  $30,142,338

  6.5%

  $27,823,698

  7%

  $25,836,290

• Comparable approach

  Method

  Valuation

  Relative Method

  $16,628,849

  Geo Method

  $16,628,849

• Alternative Use

  Use

  Valuation

  Residential

  $23,470,330

  Hospitality

  $21,498,696

  Educational

  $17,886,662

  Medical

  $18,501,812

  Retail

  $27,823,698

Location Insight

City

Greenville

County

Greenville

State

South Carolina

Latitude

34.8961

Longitude

-82.4655

CBSA code

24860

CBSA name

GREENVILLE-ANDERSON, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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