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23237839
28164580

861 Double Bridge Rd, Boiling Springs, SC 29316

DH
SC 106855
SVN Palmetto
DT
SC 106880, GA 401401
SVN Palmetto
Listed by SVN Palmetto
$3,760,000
413 days on market
Updated 56 days ago

Greenville MSA | Target Outparcel | McAlister's Deli

Details
Property Type Retail
Sub Type Restaurant, Shopping Center (+1)
Square Footage 5,400
Units 2
Cap Rate 6.61%
NOI $248,400
Occupancy 100%
Tenancy Multi
Brand/Tenant McAlister's Deli, Blaze Pizza
Lease Type NNN
Lease Term 15
Remaining Term 15
Class A
Year Built 2025
Acreage 0.880
Investment Type Stabilized
Tenant Credit Franchisee

Retail | 6.61% CAP | 5,400 SqFt

Marketing description

SVN | Palmetto is pleased to present the opportunity to acquire a brand-new, two-tenant retail center strategically positioned as an outparcel to a newly opened Target in Boiling Springs, South Carolina — one of the Upstate's fastest-growing and most active retail corridors. The property is 100% leased on a long-term, triple-net basis to McAlister's Deli and Blaze Pizza, delivering stable, passive income with minimal landlord responsibilities. Completed in 2025, the building comprises ±5,400 square feet of ground-up construction on ±0.88 acres, featuring EIFS/cementitious siding, an insulated membrane roof, poured concrete slab foundation, and 53 paved parking spaces. The building is fully sprinklered and served by five rooftop HVAC units — all of which are the responsibility of the tenants — making this a truly low-maintenance asset for ownership. Exceptional visibility and access further set this site apart, with a premier location at one of Target's primary entrances, prominent monument signage, and direct frontage on Double Bridge Road and quick access to Hwy 9 (±34,800 VPD).

Boiling Springs has rapidly emerged as the dominant retail node in the Spartanburg MSA, driven by explosive residential growth and a deep lineup of national co-tenants including Target, Walmart, Lowe's, Publix, Chick-fil-A, Starbucks, and Whataburger. Situated just 10 minutes from downtown Spartanburg and centrally located between Charlotte (1.5 hours) and Atlanta (2.5 hours) via I-85 and I-26, the submarket benefits from outstanding regional connectivity. The broader Upstate South Carolina market — anchored by the Greenville-Spartanburg-Anderson MSA — has consistently ranked among the top markets in the nation for economic development, attracting major employers such as BMW, Michelin, and Milliken while posting population growth exceeding 15% over the last decade. For investors, this offering represents a rare combination of institutional-quality construction, credit tenancy, and long-term lease security in one of the Southeast's strongest-performing real estate markets.

Investment highlights

  • High growth market in Spartanburg, SC

  • Tenants: McAlister's Deli & Blaze Pizza

  • Long Term NNN Leases (15 yrs and 10 yrs)

  • Outparcel to brand new Target center

  • Convenient access to the lighted intersection of Hwy 9 & Double Bridge Rd.

Listing Contacts

DH
SC 106855
SVN Palmetto
DT
SC 106880, GA 401401
SVN Palmetto
Listed by SVN Palmetto

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$248,400.00
$20,700.00/mo

Valuation Metrics

0
DSCR
6.61%
Cap Rate
6.61%
ROI

Map

Zoning

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Last updated Feb 11, 2026 For deeper zoning details, reports are available at Zoneomics

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