175 Bates st - Auto Repair FOR SALE


Fountain Inn, SC 29644
$2,564,000 USD
980-498-3293
175 Bates st, Fountain Inn, SC for Sale
$2,564,000 USD
Auto Repair - FOR SALE
1/5
null | 5.85% Cap Rate

175 Bates st
Fountain Inn, SC 29644


HIGHLIGHTS

  • SURROUNDED BY HUNDREDS OF HOMES AND COMMERCIAL SPACE
  • NEW CONSTRUCTION WITH LONG TERM LEASE
  • LOCATED IN AFFLUENT GREENVILLE MSA

OVERVIEW

NEW CONSTRUCTION WITH LONG TERM LEASE - New Construction built with Sherwin’s newest store layout - Roof and Structure warranties will transfer to new owner - 10 year lease signed with Sherwin Corporate provides stable income throughout the entire term - 8% increases in six (6) five (5) year extension periods CORPORATE LEASE WITH FORTUNE 500 COMPANY - Sherwin Williams has over 4,900 locations and employs over 61K people - Market cap of $63.89B (NYSE: SHW) - 2024 EOY sales increased to 11.1% to a record $22.15B SURROUNDED BY HUNDREDS OF HOMES AND COMMERCIAL SPACE - Within a 5-mile radius of the Sherwin-Williams are more than 17K homes - Within a 2-mile radius of the site there is more than 6 Million SF of industrial space and within that same radius more than 650K SF of retail - Sherwin-Williams is located 0.2 miles from S Main St where most industrial employers are located in Fountain Inn, SC HIGH GROWTH UPSTATE SC AREA - Over 25+ colleges and universities 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 NEARBY NEW DEVELOPMENT - Down the road from the site is a 40 acre parcel owned by Prisma Health (Largest Employer in Greenville, SC) which is planned to be a large medical campus - Chick-Fil-A is adding a location off of McCarter street set to open in summer 2026

FOR SALE DETAILS

PRICE

$2,564,000 USD

PRICE/SF

$641 USD /SF

CAP RATE

5.85%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sherwin-Williams

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Service Station, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.9 AC

LAND SF

39,315 SF

ZONING

-

APN/PARCEL ID

0351.00-01-003.03

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.