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3216 E Palmetto St

8,000 SF Retail Building Florence, SC 29506 $1,500,000 ($188/SF) 7.10% Cap Rate

Retail Buildings South Carolina Florence 3216 E Palmetto St, Florence, SC 29506

Investment Highlights

  • High performing Family Dollar
  • Surrounded by high quality national tenants
  • Corporate Guarantee

Executive Summary

Strong performing Family Dollar that was built in 2012 and has 3 years remaining on the original lease with 4 (5 year options) that increase 10% with each option. Tenant is responsible for everything except for roof and structure.

Property Facts

Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,000 SF
Building Class
B
Year Built
2012
Price
$1,500,000
Price Per SF
$188
Cap Rate
7.10%
NOI
$106,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Land Acres
1.40 AC
Zoning
CMU - COMMERCIAL MIXED USE
Parking
20 Spaces (2.5 Spaces per 1,000 SF Leased)
Frontage
221 FT on E Palmetto St.

Amenities

  • Air Conditioning
1 of 1

PROPERTY TAXES

Parcel Number 90160-01-023 Improvements Assessment $1,484,280
Land Assessment $1,662,000 Total Assessment $3,146,280

PROPERTY TAXES

Parcel Number
90160-01-023
Land Assessment
$1,662,000
Improvements Assessment
$1,484,280
Total Assessment
$3,146,280
(540) 450-0142

  • Listing ID: 33283039

  • Date on Market: 9/24/2024

  • Last Updated:

  • Address: 3216 E Palmetto St, Florence, SC 29506

More public record information on 3216 E Palmetto St, Florence, SC 29506

The Retail Property at 3216 E Palmetto St, Florence, SC 29506 is currently available For Sale. Contact Link Realty Services for more information.

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3216 E Palmetto St
(540) 450-0142 x

3216 E Palmetto St

Meridee Powars

(540) 450-0142

(540) 450-0142

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