Attractive Price Point: Priced well below replacement cost at only $111 PSF
Attractive Rents and Lease Structures: Average base rent of $7.75 PSF NNN, one of the most competitive retail lease rates in the Submarket, leaving a buyer with strong potential upside
Excellent Retail Location: Neighboring retailers include such power tenants as Target, Walmart, Lowes, Aldi, Chick-Fil-A, Starbucks, and many others
Neighboring 2024 Target Development: The property is located only 0.25 miles from the new 40 acre, 147K SF Target anchored high end development, and in close proximity to multiple new single and multifamily developments.
Rapidly Growing Submarket: Boiling Springs is an affluent submarket of Spartanburg experiencing 25% growth between 2010 – 2023 due to its close proximity to Lake Bowen, Downtown Spartanburg, and I-85.
Booming Greater Market: The “Upstate” of South Carolina is one of America’s hottest emerging destinations and fastest growing MSA’s. Centered along the intersection of two major interstates (I-26 & I-85), the area has become host to more than 110 international firms, including BMW, Michelin, GE, Lockheed Martin Aircraft, and many more. Greenville’s revitalized downtown is ranked among “America’s Ten Best” and Spartanburg is the home of more per capita international investment than anywhere else in the country.
High Demand Growth Market: South Carolina is a popular market for real estate investors looking to profit from the State’s rapid appreciation rates and strong economy due to the low cost of living, business friendly environment, right-to-work policies, abundant workforce, and overall high quality of life.