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NNN Freestanding Bank of America | Seneca, SC 1313 US-123 3,271 SF Retail Building Seneca, SC 29678 $2,049,000 ($626.41/SF) 6.10% Cap Rate
Investment Highlights
- GREENVILLE–ANDERSON MSA | HIGH-GROWTH SOUTHEAST REGION
- INVESTMENT-GRADE CORPORATE CREDIT (S&P: A-)
- STRATEGIC HARD-CORNER RETAIL POSITIONING
Executive Summary
PROVEN LOCATION - $106M DEPOSIT BASE & LONG OPERATING HISTORY
- ?Bank of America (and predecessor institutions) has operated at this site since 1985, underscoring long-term commitment to the location and consistent performance within the trade area
- ?The branch maintains a deposit base of approximately $106 million
RECENT LEASE EXTENSION THROUGH 2030
- ?Tenant exercised its most recent five-year renewal option in 2019, extending the lease through May 31, 2030 — reinforcing long-term confidence in the location and underlying market fundamentals
LOW BASIS / HIGH COVERAGE RENT PROFILE
- ?Below-replacement cost pricing and modest rent levels relative to national bank branch economics support long-term tenant viability and renewal probability
INVESTMENT-GRADE CORPORATE CREDIT (S&P: A-)
- ?Lease guaranteed by Bank of America, one of the largest financial institutions globally with ~$3.3 trillion in assets, providing secure and stable income
STRATEGIC HARD-CORNER RETAIL POSITIONING
- ?Located along SC Highway 123 (31,700+ VPD), the dominant retail corridor connecting Seneca and Clemson, with direct access to surrounding retail, residential, and university-driven demand
GREENVILLE–ANDERSON MSA | HIGH-GROWTH SOUTHEAST REGION
- ?Part of one of the fastest-growing MSAs in the Southeast, supported by a diversified employment base, institutional demand drivers, and continued in-migration
- ?Bank of America (and predecessor institutions) has operated at this site since 1985, underscoring long-term commitment to the location and consistent performance within the trade area
- ?The branch maintains a deposit base of approximately $106 million
RECENT LEASE EXTENSION THROUGH 2030
- ?Tenant exercised its most recent five-year renewal option in 2019, extending the lease through May 31, 2030 — reinforcing long-term confidence in the location and underlying market fundamentals
LOW BASIS / HIGH COVERAGE RENT PROFILE
- ?Below-replacement cost pricing and modest rent levels relative to national bank branch economics support long-term tenant viability and renewal probability
INVESTMENT-GRADE CORPORATE CREDIT (S&P: A-)
- ?Lease guaranteed by Bank of America, one of the largest financial institutions globally with ~$3.3 trillion in assets, providing secure and stable income
STRATEGIC HARD-CORNER RETAIL POSITIONING
- ?Located along SC Highway 123 (31,700+ VPD), the dominant retail corridor connecting Seneca and Clemson, with direct access to surrounding retail, residential, and university-driven demand
GREENVILLE–ANDERSON MSA | HIGH-GROWTH SOUTHEAST REGION
- ?Part of one of the fastest-growing MSAs in the Southeast, supported by a diversified employment base, institutional demand drivers, and continued in-migration
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Bank
Building Size
3,271 SF
Building Class
B
Year Built
1993
Price
$2,049,000
Price Per SF
$626.41
Cap Rate
6.10%
NOI
$125,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.74 AC
Parking
36 Spaces (11.01 Spaces per 1,000 SF Leased)
Frontage
108’ on Sandifer Boulevard
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Bank of America
- -
- 3,271 SF
- -
- May 2030
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Bank of America | - | 3,271 SF | - | May 2030 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 520-55-01-009 | Improvements Assessment | $57,168 |
| Land Assessment | $20,100 | Total Assessment | $77,268 |
Property Taxes
Parcel Number
520-55-01-009
Land Assessment
$20,100
Improvements Assessment
$57,168
Total Assessment
$77,268
Contacts
-
Eric Suffoletto -
David Hoppe -
Mike Lucier -
Ben Olmstead -
Ben McCarter -
Kendra Doherty -
Connor Kuchman -
Atlantic Capital Partners
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NNN Freestanding Bank of America | Seneca, SC | 1313 US-123
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