3-Tenant NNN Retail 234 Harrison Bridge Rd

234 Harrison Bridge Rd , Simpsonville, South Carolina, 29680 | 8,050 sq.f | $ 5,428,500

Card image
Card image
Card image

About This Restaurant

Investment Highlights

Strong Brand Tenant Mix Surrounded by Major Industrial Employers High Growth Submarket in Greenville MSA

Executive Summary

Attractive Lease Fundamentals - Each tenant has rental increases through out the base term and option periods - Each lease is structured NNN, providing minimal landlord responsibility - Each Tenant is either corporate or backed by a healthy franchiseeStrong Brand Name Tenant Mix - The center includes McAlister?s Deli (588 locations), Another Broken Egg (80 locations), and CHOP Barber Shop (10 locations)High Growth Submarket of Greenville MSA - 4.4% annual growth rate in a 1-mile radius - AHHI exceeds $103K in a one mile radius - Over 600 new apartment units delivered in the pats 2 years (2,369 total units in a 2.5 mile radius)Excellent Exposure on Concentrated Retail Corridor - Outparcel of Covey Homes Harrison Bridge (112 units) - Located on a corner of a lighted intersection of Harrison Bridge Rd (22.3K VPD) and Grandview Dr (12K VPD) - Less than 0.3 miles to I-385 (58.9K VPD) - Over 1.6MSF of retail space within a 1-mile radiusNew Construction - Newer construction should limit a new owner?s exposure to capital repairs during the hold period - Transferable warranties in placeClose Proximity to Major Industrial Employers - ~0.5 miles to Kyocera Electronic Devices Manufacturing Plant - ~1.3 Miles to Grainger?s ~1MSF distribution center - Over 2.4MSF of industrial space in a 1-mile radius

Property Details

  • Sale Type    Investment NNN
  • Property Type    Retail
  • Property Subtype    Fast Food Fast Food General Retail Restaurant Fast Food
  • Building Size    8,050
  • Year Built    2024
  • Price    5,428,500
  • Price Per SF    674
  • Cap Rate    6.25
  • NOI    339,282
  • Percent Leased    100
  • Tenancy    Multiple
  • Building Height    1 Story
  • Building FAR    0.13
  • Land Acres    1.42 AC

Nearby Amenities & Transportation

Retail Another Broken Egg
Retail 9Round
Retail Food Lion
Retail Planet Fitness
Retail Cracker Barrel Old Country Store
Retail Starbucks
Retail Orangetheory Fitness
Retail ALDI
Retail Woodforest Bank
Retail Chili's
Date Created: 2024-07-16 04:23:35 Last Updated: 2024-07-16 04:23:35
Address: 234 Harrison Bridge Rd , Simpsonville, South Carolina, 29680