311 Hampton AveGreenwood, SC 29646

Property Details for 311 Hampton Ave

Year built

1999

Property size (Sq ft)

10,908 SF

Property type

Retail space

APN

6846-770-129

APU

6846770129

Description

This exceptional investment opportunity presents a fee-simple ownership (land and building) of a 11,891 square foot, single-tenant storefront located at 311 Hampton Ave, Greenwood, SC 29646. The property, built in 1999 and extensively renovated in 2021 ($3.55M renovation), boasts a 100% occupancy rate with a 15-year NNN lease (with four 5-year options) to BioTek America, LLC, a subsidiary of ImmunoTek Bio Centers, LLC, the largest independent plasma collection center operator. The lease includes scheduled 10% rental increases in year 11 and at the start of each option period, ensuring consistent NOI growth and inflation hedging. The property features 63 parking spaces and sits on a 1.48-acre lot, zoned GC. Its prime location at a signalized intersection (Hampton Ave and E. Cambridge Ave, 33,200 VPD) provides excellent visibility and accessibility. The surrounding area includes a dense retail corridor with national tenants like Walmart, Lowe's, and Publix, as well as Lander University (4,300+ students) and Self Regional Medical Center (2,000+ staff). The 5-mile trade area boasts a population exceeding 47,300 residents and 26,800 employees, with an average household income of $71,161. The property offers a strong 7.15% cap rate and a current NOI of $390,543, making it an ideal low-management investment with limited landlord responsibilities. The asking price is $5,462,000. APN: 6846-770-129.

• CAP approach

  CAP return

  Valuation

  6%

  $2,806,050

  6.5%

  $2,590,200

  7%

  $2,405,190

• Comparable approach

  Method

  Valuation

  Relative Method

  $933,978

  Geo Method

  $933,978

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $5,004,530

  Mixed-Use / Specialty

  $2,599,800

  Hospitality / Lodging

  $1,931,910

  Office

  $2,603,970

  Institutional / Educational

  $2,709,480

  Residential Income

  $3,170,090

  Multifamily

  $3,697,610

  Automotive / Energy

  $2,322,410

  Parking / Income-Based Land

  $782,826

  Restaurant / Food Service

  $1,392,380

  Healthcare / Senior Housing

  $2,646,730

Location Insight

City

Greenwood

County

Greenwood

State

South Carolina

Latitude

34.1951

Longitude

-82.1652

CBSA code

24940

CBSA name

GREENWOOD, SC MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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