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22021722
22025600

1253 S Pleasantburg Dr, Greenville, SC 29605

Diamond Investments
Listed by Diamond Investments
$1,100,000
975 days on market
Updated 50 days ago

Renovated single NNN tenant flex space - with corner lot

Details
Property Type Retail, Industrial (+2)
Sub Type Storefront, Flex (+1)
Square Footage 5,500
Net Rentable (SqFt) 5,500
Cap Rate 7.52%
NOI $82,751
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 5
Lease Expiration 03/31/2029
Remaining Term 2.8
Rent Bumps Yes
Price per SqFt $200
Class A
Year Built 1977
Year Renovated 2023
Buildings 1
Acreage 0.460
Zoning C-17
Parking Spaces 24 spaces
Parking Per SqFt 4.36
Investment Type Owner/User
Lease Commencement 03/31/2024
Occupancy Date 03/31/2024
Ground Lease No
Loading Docks 2
Dock High Doors 2
Sale Condition For sale by owner

22k VPD with additional corner lot

Marketing description

Diamond Investments presents the opportunity to acquire a fully leased, renovated light industrial building with storefront space on S Pleasantburg Drive near Augusta Road. The property is 100% leased by a single NNN tenant with a longstanding family business in Greenville spanning several generations. Current NNN lease brings in $82,752/annually.

The property includes 2 parcels totaling .48 acres. The asking price is $800,000 for the building parcel and $300,000 for the large, developable corner lot. One parcel features a 5,500 sq ft warehouse-style space with two oversized garage bay doors. The other parcel, a corner lot valued at $300,000, is currently leased to a tenant who uses it for parking. The parcels can be purchased separately if the right buyer presents themselves.

This location provides easy access to I-85 and I-385, and is just minutes from Downtown Greenville, SC. Traffic data from SCDOT indicates approximately 22,000 vehicles pass along Pleasantburg daily, just blocks from some of the most expensive homes in the region.

The building has been completely renovated, with upgrades including an automatic sliding garage door and a concrete ramp for vehicle access into the warehouse area.

Please note that some photos are from before the tenant moved in.

Bonus: Research the Augusta Corridor project to discover how you could realize substantial upside on this investment.

Contact for more information!

Investment highlights

  • 5,500 +/- SF Total
  • Estimated 22,000+ daily vehicle traffic
  • Storefront with warehouse
  • Large corner parcel leased by tenant and can be used to develop after lease
  • In path of progress. Research Augusta Revitalization

Listing Contacts

Diamond Investments
Listed by Diamond Investments

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$82,751.00
$6,895.92/mo

Valuation Metrics

0
DSCR
7.52%
Cap Rate
7.52%
ROI

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