1537 E Main St
Duncan, SC 29334
Bank of America · Retail Property For Sale

The Jonna Group of Marcus & Millichap is pleased to present the exclusive listing for a freestanding 1,390-square foot Bank of America (S&P A-) located in Duncan, South Carolina which is west of Spartanburg and east of Greenville. Bank of America has three years remaining on their initial 20-year absolute net ground lease. The Bank of America lease offers ideal 12% rent increases every 5 years in each of the (3) 5-year options. Bank of America’s improvements consist of a single-story bank branch with 3 drive thru lanes. The subject property is located in the main retail trade zone of Duncan, off the busy East Main Street. The subject property benefits from its strategic location in a dense retail, industrial, and residential area. Major retailers surrounding the subject property includes: KFC, McDonald’s, Hardee’s, Taco Bell, Dunkin’ Donuts, Chick-fil-A, Cracker Barrel, Zaxby’s, Bojangles, Circle K, a plethora of hotels and industrial/manufacturing companies and many more. There are approximately 42,000 individuals residing with a five-mile radius of the subject property. East Main Street sees traffic counts of nearly 22,000 vehicles traveling per day. Greenville’s economy was formerly based largely on textile manufacturing. In the last few decades, favorable wages and tax benefits have lured foreign companies to invest heavily in the area. The city is the North American headquarters for Michelin, AVX Corporation, Ameco, CertusBank, and Scansource. It is also home to a Lockheed Martin aircraft and logistics center, as well as facilities operated by 3M and Honeywell.