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Property Details

Lake Keowee Real Estate
696 N. Walnut Street
Seneca , SC 29678
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100 McMillan Street

Price$ 3,640,000
Sq Ft
TypeRetail Building
Area560-Spartanburg County,SC
Total Acres4.75
Approx Age
Description55,946 SF shopping center sitting on 4.75 AC located right off N. Pine Street (29,400 VPD) in rapidly growing Spartanburg, SC! Garner Square is located less than 1 mile from Wofford College and Spartanburg Medical Center and just 5 minutes from Interstate 85. This is a landmark property surrounded by national retail and right next door to a brand new 208 unit apartment complex providing additional density to an already mature retail market. With a brand new 10 year lease from an anchor tenant occupying 25,000 SF and a weighted average lease term of more than 7 years this is a great opportunity for an investor looking for a good long term stable investment. At just $65/SF it is priced well below replacement cost, and is a great opportunity at a 7.15% cap rate based on in place NOI. Call Listing Agent for additional details.
Status : Pending

Listing courtesy of John Wright Jr. - McCoy Wright, Inc (24029)   864-224-3503

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