1401 Woodruff RdGreenville, SC 29615

Property Details for 1401 Woodruff Rd

Lot size

1.20 AC

Zone code

C2

Property type

Strip malls

Property subtype

Neighborhood centers

APN

0547.03-01-033.00

APU

547030103300

Description

This exceptional retail investment property, located at 1401 Woodruff Road in Greenville, South Carolina, presents a compelling opportunity for discerning investors. The 9,600 square foot building sits on a prime outparcel to a Walmart Supercenter, within Greenville's most sought-after retail corridor boasting over 4.3 million square feet of high-quality tenants and approximately 38,600 vehicles per day. Currently operating at 100% occupancy with triple net (NNN) leases, this multi-tenant property offers below-market rents averaging $24.12 per square foot, presenting a significant value-add potential. The property benefits from convenient cross-access to two signalized intersections, mitigating the impact of the Woodruff Road DOT project. Its strategic location, just 0.25 miles from I-385 (104,700 vehicles per day), ensures exceptional visibility and accessibility. The asking price is $3,295,000, representing a 7.00% cap rate and a land value of $343 per square foot. This is a rare opportunity to acquire a high-performing retail asset in a thriving market with significant upside potential. The property's strong operating history and desirable location make it an ideal addition to any investment portfolio. The current leases provide a stable income stream, while the below-market rents offer the potential for significant future rental growth.

• CAP approach

  CAP return

  Valuation

  6%

  $12,849,600

  6.5%

  $11,861,200

  7%

  $11,013,900

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,475,700

  Geo Method

  $4,475,700

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $22,819,000

  Mixed-Use / Specialty

  $11,944,700

  Hospitality / Lodging

  $8,927,260

  Office

  $12,004,800

  Institutional / Educational

  $12,462,600

  Residential Income

  $14,581,300

  Multifamily

  $16,790,400

  Automotive / Energy

  $10,682,300

  Parking / Income-Based Land

  $3,562,000

  Restaurant / Food Service

  $6,481,070

  Healthcare / Senior Housing

  $12,120,000

Location Insight

City

Greenville

County

Greenville

State

South Carolina

Latitude

34.8219

Longitude

-82.2844

CBSA code

24860

CBSA name

GREENVILLE-ANDERSON, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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