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1253 S Pleasantburg Dr

5,500 SF Retail Building Greenville, SC 29605 $1,100,000 ($200/SF) 7.09% Cap Rate

Investment Highlights

  • Newly Renovated and Leased to stable single tenant, directly surrounded by national retailers, and continued economic development
  • Nearby Tenants on S. Pleasantburg Rd. include QuikTrip, O'Reilly's, Aldi, Home Depot, and more.
  • High Traffic Corridor with Interstate Access - more than 27,100 VPD on S Pleasantburg Dr,. and 0.7 miles away from I-85 access

Executive Summary

Reedy River Retail at SVN | Blackstream has been retained to exclusively offer for sale a newly renovated & fully leased flex building in Greenville, South Carolina. The sale includes a fully leased flex building sitting on approximately .7 AC of land. The site is located on S. Pleasantburg Dr. which acts as a major thoroughfare in the city, running through a variety of neighborhoods and commercial areas. The City of Greenville has placed major focus on this corridor for revitalization efforts and infrastructure upgrades to enhance the area’s appeal, and contribute to rising property values.
The flex building is just a half mile off of Interstate 85 and is surrounded by national retailers including Aldi’s, O'Reilly's, Crunch Fitness, AutoZone, QuikTrip, Home Depot, and numerous others. The property was renovated in 2023 to include a number of interior improvements, new sewer lines, a resealed roof and resurfaced parking lot. New development and growth will only continue as the GVL 2040 comprehensive plan has strategic plans to focus growth in the immediate surrounding area to continue bring large national retailers, and new development.

Attachments

1253 S Pleasantburg Rd. OM (2)

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
5,500 SF
Building Class
C
Year Built
1977
Price
$1,100,000
Price Per SF
$200
Cap Rate
7.09%
NOI
$78,001
Tenancy
Single
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.28
Land Acres
0.45 AC
Zoning
Commercial - C-2
Parking
16 Spaces (2.91 Spaces per 1,000 SF Leased)
Frontage
192 FT on Pleasantburg Dr

Amenities

  • Corner Lot
  • Signage
  • Storage Space
  • Monument Signage
  • Listing ID: 33008593

  • Date on Market: 8/30/2024

  • Last Updated:

  • Address: 1253 S Pleasantburg Dr, Greenville, SC 29605

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