333 West Broad Street, Greenville, SC 29601

Building Details

Tenancy Single More

Listing Agency: SURMOUNT

Listed By: Glen Kunofsky · License NY 49KU1129178 Show Phone

Source: Crexi

Added: Sep 24 Changed: Nov 8 Last Checked: Nov 8 at 6:00PM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SURMOUNT

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Investment Insights

Based on property information with market context.

At 333 West Broad Street in Greenville, the property contains 8,318 rentable square feet on an approximately 0.72-acre parcel. Harrell's Tire & Auto Service is the named tenant under a 20-year triple-net lease that begins upon closing. The lease provides for annual increases of 2.00%.

Key Highlights

• 8,318 rentable square feet on an approximately 0.72‑acre parcel
• 20‑year triple‑net lease to Harrell's Tire & Auto Service begins upon closing
• Annual lease increases of 2.00%

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$123,261

Cap Rate

2.96%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,465,220 $2.5M

Cap Rate 7%

$1,760,871 $1.8M

Cap Rate 9%

$1,369,567 $1.4M

Is this asking price fair?

Market Conditions

NOI Build-Up for 8,318 SF

Gross rent

$182.7K $21.96/SF

− Vacancy

−$6.6K −$0.79/SF

EGI

$176.1K $21.17/SF

− OpEx

−$52.8K −$6.35/SF

NOI

$123.3K $14.82/SF

Area

Greenville County, SC

Vacancy

3.60%

Lease Rate

$21.96 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,465,220

Cap Rate 7%

$1,760,871

Cap Rate 9%

$1,369,567

Alternative Uses

Best Use

Retail

$1.76M

$1.54M – $2.05M (±1% cap)

NOI $123,261 @ 7.0% cap · market cap 2.96%

Second Best

Industrial

$457.9K

$400.7K – $534.2K (±1% cap)

NOI $32,054 @ 7.0% cap · market cap 0.77%

Theoretical Best

Office A

$3.55M

$3.11M – $4.15M (±1% cap)

NOI $248,777 @ 7.0% cap · market cap 5.96%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

W.N Watson Tire ... Auto Repair Shop

Suggested Use

Top Pick Auto Parts Store Garden Center Grocery & Convenience Store Storage Facility Home Appliance Store Florist

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

4,238

Businesses Nearby

189k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Hotels & Casinos 53% Dining 27% Shops & Services 10% Groceries 7%

Courtyard Greenville Downtown Hotels & Casinos

33,090 visits/mo 0.3 miles

Embassy Suites By Hilton Greenville Downtown Riverplace Hotels & Casinos

27,216 visits/mo 0.2 miles

Residence Inn/SpringHill Suites Greenville Downtown Hotels & Casinos

15,806 visits/mo 0.4 miles

Mellow Mushroom Dining

15,496 visits/mo 0.5 miles

Hampton Inn & Suites Greenville-Downtown-RiverPlace Hotels & Casinos

11,744 visits/mo 0.3 miles

Demographics for 29601, SC

13,261

Population

8,067

Households

1.6

Avg Household Size

38

Median Age

52%

College-Educated

89%

High-School Grad

4.2 sq mi

ZIP Area

3,157

Density / Sq Mi

$73,321

Median Household Income

$55,727

Median Earnings

$1,406

Median Rent

$583,200

Median Home Value

Market

Vacancy Rate% for Retail in Greenville, SC

5.7% 2020

5.9% 2021

5.4% 2022

4.9% 2023

4.4% 2024

4.7% 2025

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Frequently Asked Questions

What type of property is this?

NNN property - A 20-year triple-net lease to Harrell's Tire & Auto Service is scheduled to start at closing.

Where is this nnn property located?

The property is located at 333 West Broad Street Greenville, SC.

What is the asking price?

The asking price for this property is $4,170,750.

What are key features of this property?

This property features: 8,318 rentable square feet on an approximately 0.72‑acre parcel; 20‑year triple‑net lease to Harrell's Tire & Auto Service begins upon closing; Annual lease increases of 2.00%