Net Leased CVS | 224 E Butler Rd
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Net Leased CVS 224 E Butler Rd
10,125 SF Retail Building Mauldin, SC 29662 $2,861,429 ($283/SF) 7% Cap Rate
Investment Highlights
- Net Lease with Minimal Landlord Obligations (Roof & Structure)
- New Roof Installed in 2021
- Prime Location in Mauldin - Expected 25% Population Increase by 2030
- Corporate Guarantee
- Features a HealthHUB & Minute Clinic - only in 15% of CVS locations
- Desirable Demographics - 133,316 Residents & Avg HH Income $101,022 within a 5-Mile Radius
Executive Summary
The Kase Group is pleased to present the opportunity to acquire a well
established CVS location in Mauldin, South Carolina. The tenant is subject to
a double net lease which expires in December 2027 with no options for
renewal. The lease is corporately guaranteed by CVS with minimal landlord
obligations. This CVS location invested in a Minute Clinic, featured in only
15% of CVS locations. The site benefits from its location within the
progressive community of Mauldin, with population expected to grow from
28,000 to 35,000 residents by 2030. 133,316 Residents with an average
household income of $101,022 are within 5-miles of the site. The subject is
located on a hard corner along E Butler Rd, with exposure to over 24,000
vehicles per day and nearby I-185, which serves as a partial beltway through
Greenville's southern suburbs. The site is less than 5 minutes from
BridgeWay Station, a 40 acre village featuring residential spaces, offices,
shopping, dining, lodging and entertainment.
established CVS location in Mauldin, South Carolina. The tenant is subject to
a double net lease which expires in December 2027 with no options for
renewal. The lease is corporately guaranteed by CVS with minimal landlord
obligations. This CVS location invested in a Minute Clinic, featured in only
15% of CVS locations. The site benefits from its location within the
progressive community of Mauldin, with population expected to grow from
28,000 to 35,000 residents by 2030. 133,316 Residents with an average
household income of $101,022 are within 5-miles of the site. The subject is
located on a hard corner along E Butler Rd, with exposure to over 24,000
vehicles per day and nearby I-185, which serves as a partial beltway through
Greenville's southern suburbs. The site is less than 5 minutes from
BridgeWay Station, a 40 acre village featuring residential spaces, offices,
shopping, dining, lodging and entertainment.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
10,125 SF
Building Class
C
Year Built
1997
Price
$2,861,429
Price Per SF
$283
Cap Rate
7%
NOI
$200,300
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Land Acres
1.40 AC
Zoning
R20 - Residential District
Parking
51 Spaces (5.04 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Drive Thru
PROPERTY TAXES
| Parcel Number | M004.01-01-010.01 | Improvements Assessment | $129,740 |
| Land Assessment | $16,280 | Total Assessment | $146,020 |
PROPERTY TAXES
Parcel Number
M004.01-01-010.01
Land Assessment
$16,280
Improvements Assessment
$129,740
Total Assessment
$146,020
-
Power Broker Jeff Bracco -
Kase Abusharkh -
The Kase Group
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Net Leased CVS | 224 E Butler Rd
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