Listed by KDS Caine Commercial Real Estate
$2,070,000
1601 Poinsett Highway, Greenville, SC 29609
Details
Property Type Land
Sub Type Commercial
Pro-Forma Cap Rate 4.37%
Acreage 0.510
Zoning C-2/OD
Absolute NNN Lease | Bank of America Branch | New 5 Year Term
Marketing description
Located in busy Cherrydale area banking hub including Wells Fargo, Truliant, First Citizens & Chase. Added Value of .51 Acre lot on breakfast-side of the road in expanding Poinsett Highway Corridor
Investment highlights
Sale Price: $2,070,000 (4.75% CAP)
Tenant Name: Bank of America
Signator/Guarantor: Bank of America, National Association (Corporate)
Lease Type: Absolute NNN, Landlord Responsibilities: None
Rent Commencement Date: 10/1/2005 (Recently Exercised 3rd Renewal, 3 - 5 yr Options Remaining)
Current Remaining Term: 5 Year Extension
Current Annual Rent: $98,300 (12% Increase Every 5 Years)
Listing Contacts
Listed by KDS Caine Commercial Real Estate
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