107 Chalmers rd - Bank FOR SALE


Greenville, SC 29605- Outer Greenville/Gantt
$1,765,000 USD
980-498-3293
107 Chalmers rd, Greenville, SC for Sale
$1,765,000 USD
Bank - FOR SALE
1/5
null | 4.25% Cap Rate

107 Chalmers rd
Greenville, SC 29605
Outer Greenville/Gantt


HIGHLIGHTS

  • LOCATED IN AFFLUENT GREENVILLE MSA
  • INVESTMENT GRADE TENANT
  • STRONG LEASE FUNDAMENTALS

OVERVIEW

STRONG LEASE FUNDAMENTALS - 10% rent increase every 5 years and during options periods - Absolute NNN Ground lease providing no Landlord Responsibilities - Three (3) - Five (5) year option periods INVESTMENT GRADE TENANT - Corporate Guaranty from Investment Grade Tenant - JP Morgan has a Market Cap of $360B (NASDAQ: JPM) with over 5,600 locations across the country - S&P rating of AA1 OUTPARCEL TO TOP PERFORMING HOME DEPOT - Site is an outparcel to top performing Home Depot (3rd best in the state) and is strategically positioned just off I-85 with 86.4K VPD traffic - Over 726K SF of retail space within a 1-mile radius, featuring a remarkably low 0.1% vacancy rate - Nearby retailers include The Home Depot, ALDI, O’Reilly Auto Parts, and a variety of other national retail stores HIGH GROWTH UPSTATE SC AREA - Over 25+ colleges and university in the Upstate region providing ~28K graduates to the workforce each year - Greenville, SC has had $11B of capital investment in the trailing 3 years - 13.5% population growth since 2014 LOCATED IN AFFLUENT GREENVILLE MSA - Over 48K people live in a 3-mile radius boasting an AHHI of $114K - In 2023 the U.S. Census Bureau named Greenville, SC the fastest growing city in the country - Over the past few years the city of Greenville has grown by 1.6% annually with the average southern state growing by under 1% annually NEW CONSTRUCTION - Tenant is building the building to with their newest store prototype to suit their operational needs

FOR SALE DETAILS

PRICE

$1,765,000 USD

PRICE/SF

$706 USD /SF

CAP RATE

4.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chase Bank

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.77 AC

LAND SF

33,330 SF

ZONING

C-2

APN/PARCEL ID

M015.05-01-006.11

ASK ABOUT THIS PROPERTY

David HoppeAtlantic Capital PartnersMore Info
980-498-3293

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David HoppeAtlantic Capital PartnersMore Info
980-498-3293

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.