Value-Add Retail Property – Furman Capital Advisors

Value-Add Retail Property

Value-Add Retail Property -

Marketing Description

Furman Capital Advisors is pleased to offer the opportunity to purchase a value-add property in Simpsonville, SC.

Investment Highlights

Value Add Opportunity: The current rent is well below market and the current tenant, Ace Hardware, will be relocating to a larger site when their current term expires on July 31, 2024, thus giving a buyer time to reposition the property while collecting rent. Call broker for more details.

Expensive to Replicate: Priced well below replacement cost at only $136.75 PSF. The property has been well maintained and managed by NAI Earle Furman since 2013.

Great Location in Dense Retail Area: The major neighboring tenants include Walmart, Target, Home Depot, Lowes, Publix, Ingles, Aldi, Chick-fil-A, TJ Maxx, Ross, Kohl’s, Pet Smart, Hobby Lobby, Bon Secours, and much more.

Minimal Submarket Vacancy: The Fairview Road submarket includes ±2M SF of retail & medical with a minimal vacancy rate of 2.0% (CoStar).

Affluent & Growing Demographics: Average Household Income of $109,250 and positive population growth of 35% within a 5-mile radius.

Highly Desirable Submarket: The property is located in one of the most desirable submarkets in the Upstate of South Carolina providing access to population density and best-of-class locations.

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.

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Confidentiality Agreement Form

Confidentiality Agreement
This Confidentiality Agreement will confirm the mutual understandings of the Undersigned and Owner of Record in connection with NAI Earle Furman, LLC, dba Furman Capital Advisors, LLC and its client (hereinafter referred to as "Protected Parties") providing proprietary information on the requested property (hereinafter called the “Property”) to the Undersigned:

“Information” means all data, reports, records, materials, lease expirations, lease rates or other lease information obtained from Furman Capital Advisors, LLC which is not in the public domain. Information is not meant to include information which: a) at the time of the disclosure is in the public domain; b) after disclosure becomes part of the public domain through no act or omission by the undersigned; c) as shown by written records was prior to disclosure in the possession of the undersigned; d) is rightfully received by the undersigned from third parties who were entitled to receive such information; or e) is obligated to be disclosed pursuant to applicable law, regulation or legal process.

The information is being furnished solely in connection with the consideration of a potential transaction involving the undersigned and shall be treated as “secret” and “confidential” and no portion of it shall be disclosed to others, except to those employees, agents, clients, and customers of the undersigned whose knowledge of the Information is required for use to evaluate that certain real estate as a potential acquisition and who shall assume the same obligations as the undersigned under this Agreement.

It is understood that the Protected Parties are the beneficiaries whose rights are being protected and may enforce the terms of this Confidentiality Agreement as if they were a party to the Agreement.

All information furnished shall be promptly returned or destroyed should there be no interest in that certain real estate acquisition, or otherwise disposed of as directed by the Protected Parties.

It is understood that the Protected Parties makes no representations or warranty as to the completeness or accuracy as to any information.

It is understood that by furnishing this information that the Protected Parties are not agreeing to enter into a transaction regarding the property.

By electronically signing, you represent and warrant to the other parties that (a) You have read, understand and consent to the agreement (“Agreement), (b) all information that you provide is complete and accurate, and (c) you own or have all rights and authority necessary to enter into and perform under the Agreement.

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