2814 N Main St - Drug Store FOR SALE


Anderson, SC 29621- Downtown Anderson
$3,725,000 USD
864-224-3503
2814 N Main St, Anderson, SC for Sale
$3,725,000 USD
Drug Store - FOR SALE
1/46
null | 5.75% Cap Rate

2814 N Main St
Anderson, SC 29621
Downtown Anderson


HIGHLIGHTS

  • heavy traffic
  • Store is in top 13% of all locations nationwide
  • New Roof

OVERVIEW

This is a great opportunity for an investor looking for a credit tenant on A+ real estate in a growing market! This store has been open for almost 25 years and historical sales data speaks to the strength of the location. The property has very minimal Landlord responsibilities and even less given the fact that a new roof was put on in 2017. It sits on 1.16 AC at the “Main and Main” interchange in Anderson, SC, a growth market located on the I-85 corridor in upstate South Carolina. This property is the fourth corner to an all star lineup of QuikTrip, Walgreens, and a soon to be opened Whataburger! CVS extended the lease for 15 years in 2019 and possesses four 5 year options after that with rent increases at each option period. With 237’ of frontage on Main Street and 172’ of frontage on Concord Road, this is a prominent location with excellent visibility. Contact broker for additional information such as lease, historical sales, and drawings.

FOR SALE DETAILS

PRICE

$3,725,000 USD

PRICE/SF

$368 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

0.85 AC

LAND SF

37,026 SF

ZONING

Commercial

APN/PARCEL ID

122-12-04-001,122-12-04-009

ASK ABOUT THIS PROPERTY

John Wright, Jr.McCoy Wright, Inc.More Info
864-224-3503

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John Wright, Jr.McCoy Wright, Inc.More Info
864-224-3503

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