6135 White Horse RdGreenville, SC 29611

Property Details for 6135 White Horse Rd

Lot size

0.50 AC

Zone code

C-3

Property type

Strip malls

Property subtype

Neighborhood centers

APN

0237.03-02-002.00

APU

237030200200

Description

This exceptional 5,200 square foot shopping center in Greenville, South Carolina, presents a compelling value-add investment opportunity. Located on White Horse Road, this single-story, 2005-built property boasts a prime location across from a Walmart Supercenter, benefiting from high visibility and significant traffic (22,481 vehicles per day). The center features three tenants: a nail salon, World Finance, and a newly-leased Wingstop, all operating under a triple-net (NN+) lease structure with rent bumps. The current occupancy is 100%, with a remaining lease term of approximately 1.3 years. The property includes a dedicated turn lane, pylon signage, and ample parking (21 spaces per 1,000 square feet). The 0.5-acre lot is zoned C-3, offering flexibility for future development. The current Net Operating Income (NOI) is $84,336, yielding a 6.75% cap rate at the asking price of $1,250,000 ($240.38 per square foot). Each lease includes options, providing long-term stability and potential for increased revenue. The property's strong tenant mix, favorable lease terms, and strategic location make it an attractive investment prospect with significant upside potential. Detailed lease information is available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $8,240,160

  6.5%

  $7,606,301

  7%

  $7,062,994

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,545,910

  Geo Method

  $4,545,910

• Alternative Use

  Use

  Valuation

  Residential

  $6,416,200

  Hospitality

  $5,877,204

  Educational

  $4,889,765

  Medical

  $5,057,932

  Retail

  $7,606,301

Location Insight

City

Greenville

County

Greenville

State

South Carolina

Latitude

34.8544

Longitude

-82.4557

CBSA code

24860

CBSA name

GREENVILLE-ANDERSON, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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