3401 Clemson Blvd
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3401 Clemson Blvd
4,100 SF 100% Leased Retail Building Anderson, SC 29621 $2,424,348 ($591/SF) 5.75% Cap Rate
Investment Highlights
- Clemson Boulevard, the prime retail corridor, has huge barriers to entry
- Site also benefits from being the epicenter of residences and hotels
- HQs to BMW & Michelin
- Situated along I-85 corridor between Charlotte and Atlanta
- Greenville, Anderson and Spartanburg are part of the group of counties leading South Carolina’s growth by 1mm residents over the next 10 years
- Immediate proximity to Clemson University
Executive Summary
Colliers is delighted to present an exciting investment opportunity: the fully renovated Metro Diner ground lease located at 3401 Clemson Boulevard, Anderson, South Carolina in the rapidly growing Greenville-Anderson, SC Metropolitan Statistical Area. This brand-new 10-year NNN lease, projected to commence on approximately March 15, 2025, is backed by one of the nation’s top emerging chains, Metro Diner, operated in part by Chris Sullivan, co-founder of Outback Steakhouse. Known for its generous portions, Southern hospitality, and classic comfort food, Metro Diner was founded in Jacksonville, FL, in 1938, and has since expanded to over 60 locations across 12 states, following a successful partnership with ConSul Hospitality in 2014.
The property is prominently situated on a prime hard corner at Main Street (Hwy 178) and Country Club Lane. It spans 4,100 square feet on approximately 0.88 acres, an invaluable position given the limited land availability along Clemson Blvd, which remains a hotspot for food retailers. The surrounding area includes a robust mix of national and regional retailers and services like Target, TJ Maxx, Ulta, Dicks, Chick-fil-A, Starbucks, alongside hotels, medical facilities, and more.
Located within the Greenville-Anderson, SC Metropolitan Statistical Area—home to nearly one million residents and projected for significant population growth—this area benefits from nearby major institutions like Clemson and Furman Universities. Greenville’s status as a key inland port and host to major headquarters like BMW and Michelin North America further enhances the region’s economic stability. Further, the site is proximate to Lake Hartwell which sees 10 million visitors annually.
This NNN lease offers a true passive investment structure, with the tenant responsible for all real estate taxes, CAM, and insurance. The landlord has installed a brand-new roof, and the accompanying warranty will be assigned to the tenant. The tenant is responsible for all repairs/replacement of the roof thereafter. This asset is offered at $2,424,348, reflecting a competitive 5.75% cap rate.
This is a rare opportunity to acquire a high-quality, stabilized asset in one of the Southeast’s most dynamic markets.
The property is prominently situated on a prime hard corner at Main Street (Hwy 178) and Country Club Lane. It spans 4,100 square feet on approximately 0.88 acres, an invaluable position given the limited land availability along Clemson Blvd, which remains a hotspot for food retailers. The surrounding area includes a robust mix of national and regional retailers and services like Target, TJ Maxx, Ulta, Dicks, Chick-fil-A, Starbucks, alongside hotels, medical facilities, and more.
Located within the Greenville-Anderson, SC Metropolitan Statistical Area—home to nearly one million residents and projected for significant population growth—this area benefits from nearby major institutions like Clemson and Furman Universities. Greenville’s status as a key inland port and host to major headquarters like BMW and Michelin North America further enhances the region’s economic stability. Further, the site is proximate to Lake Hartwell which sees 10 million visitors annually.
This NNN lease offers a true passive investment structure, with the tenant responsible for all real estate taxes, CAM, and insurance. The landlord has installed a brand-new roof, and the accompanying warranty will be assigned to the tenant. The tenant is responsible for all repairs/replacement of the roof thereafter. This asset is offered at $2,424,348, reflecting a competitive 5.75% cap rate.
This is a rare opportunity to acquire a high-quality, stabilized asset in one of the Southeast’s most dynamic markets.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,100 SF
Building Class
C
Year Built/Renovated
2000/2024
Price
$2,424,348
Price Per SF
$591
Cap Rate
5.75%
NOI
$139,400
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.11
Lot Size
0.88 AC
Zoning
gc
Parking
48 Spaces (11.71 Spaces per 1,000 SF Leased)
Frontage
165 FT on Clemson
Amenities
- Bus Line
- Dedicated Turn Lane
- Pylon Sign
- Signage
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 121-06-03-009 | Improvements Assessment | $43,560 |
| Land Assessment | $46,000 | Total Assessment | $89,560 |
PROPERTY TAXES
Parcel Number
121-06-03-009
Land Assessment
$46,000
Improvements Assessment
$43,560
Total Assessment
$89,560
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