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DESTINATION PET 925 Spears Creek Ct

15,000 SF Retail Building Elgin, SC 29045 $1,300,000 ($87/SF) 7.32% Cap Rate

Retail Space South Carolina Elgin 925 Spears Creek Ct, Elgin, SC 29045

Investment Highlights

  • DESTINATION PET | PREMIER PET BOARDING OPERATOR | Destination Pet is one of the leading providers of pet healthcare services in the US.
  • SCHEDULED RENTAL INCREASES | HEDGE AGAINST INFLATION | The lease features 10% rental increases every 5 years, providing a future owner with a boost in
  • EXCELLENT LOCATION | The ±15,000 SF facility is situated off Interstate 20, offering high visibility and convenient access to surrounding communities.
  • STABLE INVESTMENT | NNN LEASE | OPTIONS TO EXTEND | There are over 7 years remaining on the lease with four (4), 5-year options to extend.
  • HEALTHCARE REAL ESTATE | RECESSION RESISTANT PROPERTY | Pet service facilities are extremely sought-after investments.
  • BELOW MARKET RENT | Tenant’s current rental rate is below market which ensures landlord has replaceable rent.

Executive Summary

Broker of Record
Kyle Matthews
License No. 22684 (SC)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Veterinarian/Kennel
Building Size
15,000 SF
Building Class
B
Year Built
2004
Price
$1,300,000
Price Per SF
$87
Cap Rate
7.32%
NOI
$95,200
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
2.60 AC
Zoning
M-1
Parking
40 Spaces (2.67 Spaces per 1,000 SF Leased)
Frontage
214 FT on Spears Creek Ct

Links

1 of 1

PROPERTY TAXES

Parcel Number 28802-02-01 Improvements Assessment $0
Land Assessment $0 Total Assessment $1,065,800

PROPERTY TAXES

Parcel Number
28802-02-01
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,065,800
(949) 662-2256

Contacts

  • Listing ID: 33777731

  • Date on Market: 11/6/2024

  • Last Updated:

  • Address: 925 Spears Creek Ct, Elgin, SC 29045

More public record information on 925 Spears Creek Ct, Elgin, SC 29045

The Retail Property at 925 Spears Creek Ct, Elgin, SC 29045 is currently available for sale. Contact Matthews Real Estate Investment Services for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

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DESTINATION PET | 925 Spears Creek Ct
(949) 662-2256 x

DESTINATION PET | 925 Spears Creek Ct

1/3

Andrew Evans

(949) 662-2256

(949) 662-2256

Rahul Chhajed

(818) 434-1106

(818) 434-1106

Michael Moreno

(949) 432-4511

(949) 432-4511

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