AT&T (Greenville MSA)

3518 Clemson Blvd
Anderson, SC 29621

Property: Investment Sales

Square Footage: +/- 3,500

Acreage: +/- 0.50

Price: $2,115,000

Cap Rate: 6.50%

Anchor Tenants: Dick's Sporting Goods, Kohl's, Staples, Ulta Beauty

Description:

  • Established retail store since 2008 located 5 minutes off The I-85 Corridor and 28 miles southwest of Downtown Greenville
  • Corporate lease with a parent company subsidiary guaranty
  • Recent 5 year lease extension with one more 5 year renewal option
  • Outparcel to a Kohl’s and Dick’s anchored center in between Ulta and Hardee’s outparcels
  • Positioned in the center of a regional trade area consisting of 2.2 million square feet of retail operating at 98% occupancy
  • 32,500 cars per day directly in front of property in 2016 up 6.9% from 2015
  • 64,600 residents and 26,000 households in a 5 mile radius
  • $64,000 average household income in a 5 mile radius with 3% projected annual growth