861 Double Bridge Road 5,400 SF 100% Leased Retail Building Boiling Springs, SC 29316 $4,000,000 ($740.74/SF) 6.21% Cap Rate
EXECUTIVE SUMMARY
Reedy River Retail at SVN Palmetto is pleased to present the opportunity to purchase a newly constructed two-tenant building in the high growth market of Boiling Springs, SC. The property is strategically positioned as an outparcel to a new Target development and features long term triple net leases with McAlister’s Deli and Blaze Pizza. The building boasts great visibility and is located at one of the primary entrances to Target with a large monument sign and full access to Double Bridge Road and the nearby lighted intersection with Highway 9 (34,800 VPD).
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
5,400 SF
Building Class
C
Year Built
2026
Construction Status
Proposed
Price
$4,000,000
Price Per SF
$740.74
Cap Rate
6.21%
NOI
$248,400
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.14
Lot Size
0.87 AC
Zoning
C - Commercial
Parking
37 Spaces (6.85 Spaces per 1,000 SF Leased)
Frontage
NEARBY MAJOR RETAILERS
