1401 Woodruff Rd
Greenville, SC 29607
Retail Property For Sale
EXECUTIVE SUMMARY
Value Add Opportunity: Multi-tenant investment property with below market rents and historically strong operating history (average lease rate of $24.12/SF NNN)
Rare Investment Opportunity: Multi-Tenant investment opportunity in Greenville’s most desired retail corridor directly on an outparcel to the Walmart Supercenter
Cross Access: Shopping center offers cross access to two (2) signalized intersections to combat the new DOT Woodruff Road Project. Please contact broker for details on the DOT project.
Excellent Proximity to I-385: Site is just 0.25 miles away from I-385 (104,700 vpd)
Triple Net Leases: All tenants are on NNN leases
Rare Investment Opportunity: Multi-Tenant investment opportunity in Greenville’s most desired retail corridor directly on an outparcel to the Walmart Supercenter
Cross Access: Shopping center offers cross access to two (2) signalized intersections to combat the new DOT Woodruff Road Project. Please contact broker for details on the DOT project.
Excellent Proximity to I-385: Site is just 0.25 miles away from I-385 (104,700 vpd)
Triple Net Leases: All tenants are on NNN leases
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,600 SF
Building Class
B
Year Built
1987
Price
$3,295,000
Price Per SF
$343.23
Cap Rate
7%
NOI
$230,650
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Lot Size
1.20 AC
Zoning
Commercial
Parking
35 Spaces (4.08 Spaces per 1,000 SF Leased)
Frontage
287’ on Woodruff Rd
AMENITIES
- Dedicated Turn Lane
- Pylon Sign
- Signage
PROPERTY TAXES
| Parcel Number | 0547.03-01-033.00 | Improvements Assessment | $64,770 |
| Land Assessment | $40,500 | Total Assessment | $105,270 |
