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CVS 224 E Butler Rd 10,125 SF Retail Building Mauldin, SC 29662 $2,850,000 ($281.48/SF) 7.03% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Long Term Operating History: CVS has been operating at this location for 27+ years and has already exercised their three, 5-year options
  • Key Developments: Located less than two miles from the subject property, Bridgeway Station celebrated its grand opening in April 2024
  • Top MSA: The Greenville-Anderson-Greer MSA is the largest in South Carolina with approximately 975,480 residents currently
  • Strong Local Demographics: There are +130,000 residents in a 5-mile radius of the subject property with an average household income of over $125,000.

EXECUTIVE SUMMARY

Broker of Record
Kyle Matthews
License # 22684 (SC)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
10,125 SF
Building Class
C
Year Built
1997
Price
$2,850,000
Price Per SF
$281.48
Cap Rate
7.03%
NOI
$200,355
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.40 AC
Zoning
R20 - Residential District
Parking
51 Spaces (5.04 Spaces per 1,000 SF Leased)
Frontage
287’ on East Butler Road

AMENITIES

  • Drive Thru

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Retailer
  • -
  • -
  • Double Net
  • Jan 2018

CVS Health is building a world of health around every consumer. Their unmatched reach allows them to deliver high-quality, affordable health care when and how individuals choose. They are on a mission to deliver superior and more connected experiences, lower the cost of care and improve the health and well-being of those they serve. As a leading health solutions company, they offer multiple channels to access health care locally and nationally. Their strong community presence, tech-forward approach and unmatched engagement with millions of people enabling them to deliver high-quality, personalized, affordable health care. Guided by their purpose, CVS Health® is building an entire world of health care around each and every person they serve, no matter where they are on their journey. They listen, show empathy and deliver innovative solutions that serve people’s unique needs and earn their loyalty. Because how they deliver their services is just as important as what they deliver.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Retailer - - Double Net Jan 2018

NEARBY MAJOR RETAILERS

CrossFit
Ufc Gym
Eggs Up Grill
Starbucks
Publix
First Citizens Bank
Truist
Crunch Fitness

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
M004.01-01-010.01
Land Assessment
$16,280
Improvements Assessment
$129,740
Total Assessment
$146,020
  • Listing ID: 38821567

  • Date on Market: 12/18/2025

  • Last Updated:

  • Address: 224 E Butler Rd, Mauldin, SC 29662

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