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