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CVS MinuteClinic Location 224 E Butler Rd 10,125 SF Retail Building Mauldin, SC 29662 $2,620,000 ($258.77/SF) 7.64% Cap Rate
Investment Highlights
- This CVS includes a MinuteClinic, one of approximately 800+ locations within CVS’s 9,000+ store network.
- Mauldin has experienced approximately 1.9% annual population growth and is projected to grow at ~1.6% annually within the 1,3, and 5-mile trade areas.
- Over 52,000 residents and average household incomes of $111,919 within a 3-mile radius.
- CVS has operated at this location since 1997 and has demonstrated a consistent history of lease renewals, having exercised all three renewal options.
- Located approximately 10 miles from downtown Greenville, with direct access via Interstate 385, a primary corridor serving the Upstate region.
Executive Summary
Listed in conjunction with Brian Brockman, Bang Realty - South Carolina Inc, 513-898-1551, wg@bangrealty.com, SC DRE Lic. 108250.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
10,125 SF
Building Class
C
Year Built
1997
Price
$2,620,000
Price Per SF
$258.77
Cap Rate
7.64%
NOI
$200,296
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.40 AC
Zoning
R20 - Residential District
Parking
51 Spaces (5.04 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Drive Thru
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | M004.01-01-010.01 | Improvements Assessment | $145,020 |
| Land Assessment | $22,900 | Total Assessment | $167,920 |
Property Taxes
Parcel Number
M004.01-01-010.01
Land Assessment
$22,900
Improvements Assessment
$145,020
Total Assessment
$167,920
(619) 297-0055
x305
Contacts
-
Chris Barry -
Jason Pongsrikul -
Pharma Property Group- Drugstore Specialists
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CVS MinuteClinic Location | 224 E Butler Rd
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