Properties

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Union, SC - Walmart Shadow Retail

523 North Duncan Bypass
Union, SC 29379

PROPERTY SOLD

Property: Investment Sales

Square Footage: 4,900

Acreage: .70

Price: $1,080,000

Cap Rate: 7.75%

Description:

• Located about 25 miles SE of Spartanburg and outparcel to a Walmart Supercenter
• Brand new 4,900 SF three tenant building completed in December 2013
• 5-10 year NNN leases with rent bumps that commenced between January and March 2014
• Transaction closed escrow in September 2014 for approximately $1.05 million
• All cash buyer was a private family trust out of California completing a 1031 exchange