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438 SC-72
Greenwood, SC 29649
Chipotle & Mattress Warehouse · Retail Property For Sale
Investment Highlights
- Brand New Construction | Options To Extend | Brand New Leases
- Direct Residential Consumer Base | Strong National/Credit Tenant Presence
- NNN Leases | Fee Simple Ownership | Limited Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
Executive Summary
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, Chipotle and Mattress Warehouse multi-tenant investment property located in Greenwood, South Carolina. The strategically positioned building features NNN leases with 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The NNN lease structure limits expense slippage for future owners, ensuring a predictable and low-risk investment profile. Both leases are corporately guaranteed. Chipotle and Mattress Warehouse are slated to open in March 2026.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,400 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2026
Construction Status
Under Construction
Price
$4,678,000
Price Per SF
$730.94
Cap Rate
5.75%
NOI
$269,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
0.88 AC
Zoning
PDD - Commercial
Parking
42 Spaces (6.56 Spaces per 1,000 SF Leased)
Amenities
- Drive Thru
- Monument Signage
Property Taxes
| Parcel Number | 6846-234-676 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $32,760 |
Property Taxes
Parcel Number
6846-234-676
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$32,760
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