1475 Pearman Dairy Rd N
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1475 Pearman Dairy Rd N
9,600 SF 100% Leased Retail Building Anderson, SC 29625 $1,150,000 ($120/SF) 7.61% Cap Rate
Investment Highlights
- +/- 4.2 Miles to Interstate 85
- +/- 3.8 Miles to Downtown Anderson
Executive Summary
PROPERTY DETAILS:
Sale Price: $1,150,000
7.29% Cap
+/- 9,600 SF (3 Units)
+/- 2.65 Acre Lot
Fully Occupied Retail Strip Center
+/- 3.8 Miles to Downtown Anderson
+/- 4.2 Miles to Interstate 85
La Fogata Restaurant - Leased Until 10/31/2027
Razor's Edge Barber - Leased until 2/28/2027
The Social Trap - Leased Until 2/28/2025
Plenty of Parking
Conveniently Located Less Than 5 Minutes from I-85
Close to Businesses, Churches, Shopping, and Restaurants
5-Mile Demographics (2023)
Population: 68,150
Households: 27,677
Average HH Income: $68,818
Traffic Count: 23,200 VPD
Sale Price: $1,150,000
7.29% Cap
+/- 9,600 SF (3 Units)
+/- 2.65 Acre Lot
Fully Occupied Retail Strip Center
+/- 3.8 Miles to Downtown Anderson
+/- 4.2 Miles to Interstate 85
La Fogata Restaurant - Leased Until 10/31/2027
Razor's Edge Barber - Leased until 2/28/2027
The Social Trap - Leased Until 2/28/2025
Plenty of Parking
Conveniently Located Less Than 5 Minutes from I-85
Close to Businesses, Churches, Shopping, and Restaurants
5-Mile Demographics (2023)
Population: 68,150
Households: 27,677
Average HH Income: $68,818
Traffic Count: 23,200 VPD
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,600 SF
Building Class
C
Year Built
1990
Price
$1,150,000
Price Per SF
$120
Cap Rate
7.61%
NOI
$87,480
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.08
Lot Size
2.65 AC
Zoning
C - Commercial
Parking
80 Spaces (8.33 Spaces per 1,000 SF Leased)
Frontage
306 FT on Pearman Dairy Rd
Amenities
- Bus Line
- Pylon Sign
- Signage
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $207,160 | |
| Land Assessment | $58,030 | Total Assessment | $265,190 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$58,030
Improvements Assessment
$207,160
Total Assessment
$265,190
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1475 Pearman Dairy Rd N
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