1332 S Pleasantburg Dr - Freestanding FOR SALE


Greenville, SC 29605
$6,500,000 USD
480-221-4221
1332 S Pleasantburg Dr, Greenville, SC for Sale
$6,500,000 USD
Freestanding - FOR SALE
1/9
null | 7.24% Cap Rate

1332 S Pleasantburg Dr
Greenville, SC 29605


HIGHLIGHTS

  • 18 Years Remaining | Scheduled Rental Increases |Well-Known and Established Fitness Center
  • NNN Leased | Fee Simple Ownership | Limited Landlord Responsibilities
  • Signalized, Hard-Corner Intersection | Bank of America ATM | Interstate 85 (117,100 VPD) | Excellent Visibility & Access
  • Retail Corridor | Strong National/Credit Tenant Presence
  • Strong Demographics in 5-Mile Trade Area

OVERVIEW

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, recently remodeled, freestanding Crunch Fitness investment property located in Greenville, South Carolina (Spartanburg MSA). Crunch Fitness, who currently occupies the building as a subtenant, recently executed a brand new 15-year lease, demonstrating their commitment to the site. Food Lion, under its current master lease, will continue to pay rent until Crunch Fitness’ rent commencement date in June 2026, bringing the total term remaining to 17 years. The Crunch Fitness lease features 1.25% annual rental increases throughout the initial term, steadily growing NOI and hedging against inflation. The lease is NNN with limited landlord responsibilities, making it an ideal, low-management investment opportunity for a passive investor. The tenant is an experienced franchisee for the brand currently operating 4 locations with 6 more opening this year.

FOR SALE DETAILS

PRICE

$6,500,000 USD

PRICE/SF

$171 USD /SF

CAP RATE

7.24%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Crunch Fitness | 17yrs Remain NNN | BoA ATM

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Health Club

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

158

LAND DETAILS

LAND ACRES

3.72 AC

LAND SF

162,043 SF

ZONING

C-2

APN/PARCEL ID

M015.05-01-004.03

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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