Properties

ALDI Grocery, Greenville MSA, SC

4835 Calhoun Memorial Highway (SC Hwy 123)
Easley, SC 29640

PROPERTY SOLD

Property: Investment Sales

Square Footage: 16,400

Acreage: 1.73

Price: $1,595,000

Cap Rate: Call

Description:

• Located on a major highway (SC Hwy 123) about 8 miles west of downtown Greenville
• Directly across street from Walmart, Sam’s Club, Kohl’s, Academy, Marshalls, PetSmart
• 16,400 SF discount grocery store developed on 1.73 acres completed in January 2014
• 20 year NNN corporate ground lease with rent bumps commenced January 2014
• All cash transaction closed escrow in February for approximately $1.595 million
• Buyer was a private family trust out of California completing a 1031 exchange