Historical Retail Sale Listing - Goodwill Industries Retail Store Florence SC

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Goodwill Industries Retail Store Florence SC

1551 Second Loop Rd, Florence, SC 29501

N/A

15,000 SF | Retail

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Retail Property - Off Market

Price:
N/A
Building Size:
15,000 SF
Property Type:
Retail
Property Sub-type:
Free Standing Bldg
Property Use Type:
Net Lease Investment with
10+ years left on lease
Commission Split:
2.5%
Cap Rate:
7.50%
Occupancy:
100%
Tenancy:
Single
Lot Size:
2 AC
Listing ID
16111626
Last Updated
over 1 year ago

Description

This offering is for the purchase of a 15,000 sf Goodwill retail store with a 20 year initial lease term completed in June 2009 in Florence, SC.
Goodwill Industries of Lower South Carolina is the tenant and is a well established retail operator and a strong performer financially. Details to be provided.

Seller financing is available for a qualified buyer,

Lease summary
*Price $3,700,000
*Cap rate 7.5%
*Income $277,500
*Tenant pays property taxes and insurance
*15,000 square foot retail store completed June 2009
*All masonry construction
*20 year initial lease term with two 5 year options
*Initial lease term began September 1, 2009
*Initial lease expiration August, 2029 followed by option years
*Rate increase every 5 years during initial term
*TMS# 900-40-08-012
*Lot size approximately 2.0 acres

A 2.0 acre site on Second Loop Rd which provides for traffic flow across the heart of the residential and commercial areas of Florence. Florence is strategically located at the intersection of two main thoroughfares, I-95 and I-20. This site is on Second Loop Rd in the heart of the residential and business district of Florence and is located strategically on the main thoroughfare for retail traffic. With all the advantages of a growing metropolis but with the charm of Southern hospitality, the Greater Florence area blends rural, suburban, commercial and industrial advantages for the 126,000 residents in the metro area.

Map of 1551 Second Loop Rd, Florence, SC 29501 (Florence County)

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Created 2/19/2009