3711 Farrs Bridge RdEasley, SC 29640

Property Details for 3711 Farrs Bridge Rd

Year built

2005

Construction

STEEL FRAME

Lot size

0.89 AC

Property size (Sq ft)

9,016 SF

Property type

Retail properties

Property subtype

Outlet malls

APN

5131-02-86-9102

APU

513102869102

Description

This exceptional investment opportunity presents a fee-simple, single-tenant retail property occupied by a credit-rated Dollar General. Located at 3711 Farrs Bridge Rd, Easley, SC 29640, this 9,100 square foot building sits on a 0.89-acre lot and boasts 46 parking spaces. The property features a 25-year net lease (NN) with a remaining term of approximately 5.2 years, commencing January 31, 2005, and expiring January 30, 2030. The lease includes two five-year option periods with a 5% rent increase at each option. Landlord responsibilities are limited to roof, structure, HVAC, and parking lot maintenance

• CAP approach

  CAP return

  Valuation

  6%

  $3,390,684

  6.5%

  $3,129,862

  7%

  $2,906,301

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,870,564

  Geo Method

  $1,870,564

• Alternative Use

  Use

  Valuation

  Residential

  $2,640,156

  Hospitality

  $2,418,368

  Educational

  $2,012,054

  Medical

  $2,081,252

  Retail

  $3,129,862

Location Insight

City

Easley

County

Pickens

State

South Carolina

Latitude

34.8914

Longitude

-82.5375

CBSA code

24860

CBSA name

GREENVILLE-ANDERSON, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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