3221 Martin Luther King Jr Blvd 9,747 SF Retail Building Anderson, SC 29625 $3,091,103 CAD ($317.13 CAD/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- heavy traffic
- outparcel to fully leased shopping center
- brand new 10 year lease term
EXECUTIVE SUMMARY
Brand new 10-year lease term with corporate tenant.
Located just off Clemson Blvd., Anderson's busiest retail corridor. Clemson Blvd.
traffic count is 34,000 VPD. Martin Luther King Jr. Blvd traffic count is 14,400 VPD.
Outparcel to fully leased shopping center in a high growth area, across the street
from the Anderson Mall.
Minimal landlord responsibilities.
Rent increases every 5 years.
Growth market along I-85 corrido in Upstate South Carolina.
Located just off Clemson Blvd., Anderson's busiest retail corridor. Clemson Blvd.
traffic count is 34,000 VPD. Martin Luther King Jr. Blvd traffic count is 14,400 VPD.
Outparcel to fully leased shopping center in a high growth area, across the street
from the Anderson Mall.
Minimal landlord responsibilities.
Rent increases every 5 years.
Growth market along I-85 corrido in Upstate South Carolina.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Building Size
9,747 SF
Building Class
B
Year Built
1992
Price
$3,091,103 CAD
Price Per SF
$317.13 CAD
Cap Rate
7%
NOI
$216,375 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.29
Lot Size
0.76 AC
Zoning
None
Parking
33 Spaces (3.39 Spaces per 1,000 SF Leased)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 121-25-02-011 | Improvements Assessment | $57,256 CAD |
| Land Assessment | $15,451 CAD | Total Assessment | $72,707 CAD |
