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Building E 3115 Brushy Creek Rd 6,244 SF Office Building Greer, SC 29650 $2,209,415 ($353.85/SF) 6.50% Cap Rate


INVESTMENT HIGHLIGHTS
- 10-year leaseback from Johnston Orthodontics
- Zoned CG with long-term redevelopment flexibility
- Located in affluent Greer submarket near GSP
- Proven tenant with 20+ years of market presence
EXECUTIVE SUMMARY
Sperry-Griffin Partners is proud to present this prime commercial investment opportunity located at 3115 Brushy Creek Rd, Blg E, Greer, SC. This impressive 6,244 SF building, constructed in 2004, presents an enticing prospect for Office/Medical investors. Zoned Commercial General (CG) by the City of Greer, this property promises versatility and potential.
Situated in the vibrant GSP area and boasting full occupancy, this property ensures immediate returns and future growth. With 100% occupancy, this property offers a secure investment in a desirable location, making it a compelling choice for investors seeking a strong ROI in the thriving commercial real estate market.
The tenant, Johnston Orthodontics, has been the owner/occupant since 2004.
Lease Structure: Johnston Orthodontics will leaseback the building on an initial 10-year term. The lease structure is absolute net with the tenant paying all NNN expenses. Year 1 base rent is $23 per square foot with 2% annual base increases in years 2, 4, 6, 8, and 10.
Situated in the vibrant GSP area and boasting full occupancy, this property ensures immediate returns and future growth. With 100% occupancy, this property offers a secure investment in a desirable location, making it a compelling choice for investors seeking a strong ROI in the thriving commercial real estate market.
The tenant, Johnston Orthodontics, has been the owner/occupant since 2004.
Lease Structure: Johnston Orthodontics will leaseback the building on an initial 10-year term. The lease structure is absolute net with the tenant paying all NNN expenses. Year 1 base rent is $23 per square foot with 2% annual base increases in years 2, 4, 6, 8, and 10.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
6,244 SF
Building Class
B
Year Built
2005
Price
$2,209,415
Price Per SF
$353.85
Cap Rate
6.50%
NOI
$143,612
Tenancy
Single
Building Height
1 Story
Typical Floor Size
4,500 SF
Building FAR
0.51
Lot Size
0.28 AC
Zoning
C2
1 1
PROPERTY TAXES
| Parcel Number | T035.00-01-007.09 | Improvements Assessment | $52,750 |
| Land Assessment | $450 | Total Assessment | $53,200 |
PROPERTY TAXES
Parcel Number
T035.00-01-007.09
Land Assessment
$450
Improvements Assessment
$52,750
Total Assessment
$53,200
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Building E | 3115 Brushy Creek Rd
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