224 E Butler Rd - Drug Store FOR SALE


Mauldin, SC 29662
$2,861,429 USD
510-388-4438
224 E Butler Rd, Mauldin, SC for Sale
$2,861,429 USD
Drug Store - FOR SALE
1/6
null | 7% Cap Rate

224 E Butler Rd
Mauldin, SC 29662


HIGHLIGHTS

  • Net Lease with Minimal Landlord Obligations (Roof & Structure)
  • Corporate Guarantee
  • New Roof Installed in 2021
  • Features a HealthHUB & Minute Clinic - only in 15% of CVS locations
  • Prime Location in Mauldin - Expected 25% Population Increase by 2030
  • Desirable Demographics - 133,316 Residents & Avg HH Income $101,022 within a 5-Mile Radius

OVERVIEW

The Kase Group is pleased to present the opportunity to acquire a well established CVS location in Mauldin, South Carolina. The tenant is subject to a double net lease which expires in December 2027 with no options for renewal. The lease is corporately guaranteed by CVS with minimal landlord obligations. This CVS location invested in a Minute Clinic, featured in only 15% of CVS locations. The site benefits from its location within the progressive community of Mauldin, with population expected to grow from 28,000 to 35,000 residents by 2030. 133,316 Residents with an average household income of $101,022 are within 5-miles of the site. The subject is located on a hard corner along E Butler Rd, with exposure to over 24,000 vehicles per day and nearby I-185, which serves as a partial beltway through Greenville's southern suburbs. The site is less than 5 minutes from BridgeWay Station, a 40 acre village featuring residential spaces, offices, shopping, dining, lodging and entertainment.

FOR SALE DETAILS

PRICE

$2,861,429 USD

PRICE/SF

$283 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Net Leased CVS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

51

LAND DETAILS

LAND ACRES

1.4 AC

LAND SF

60,984 SF

ZONING

R20

APN/PARCEL ID

M004.01-01-010.01

ASK ABOUT THIS PROPERTY

Jeff BraccoThe Kase GroupMore Info
510-388-4438

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Jeff BraccoThe Kase GroupMore Info
510-388-4438

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