Retail Investment
635 Congaree Rd Greenville, SC
For Sale
Contact for pricing
Fully leased retail property with long-term tenants and growth potential.
Property Size23,532 SF
Lot Size1.49 Acres
Price / SF$237.97
Days on Market242
Property Features for 635 Congaree Rd
General Information
Standard status
Active
Size
23,532 SF
Lot size
1.49 Acres
Property subtype
RETAIL
Listing Agency:
Avison Young | Greenville
(864) 747-5627
Listed By:
James McKay · License #89652
(864) 747-5627
Source:
Moodyscre
Added: Nov 28, 2025
Changed: Jul 10
Last Checked: Jul 21 at 6:04AM
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 Avison Young | Greenville
Investment Insights
Based on property information with market context.
This retail property is fully leased to two long-term tenants, offering an attractive NNN investment opportunity. The building, which was recently renovated in 2025, features excellent road frontage on Congaree Road and I-385. Located in a growth market with increasing demand, the property provides an annual rental growth of 3% on each tenant. The property size is 23532 square feet.
Key Highlights
- Fully leased to two long‑term tenants
- Attractive NNN Investment
- Annual 3% rental growth on each tenant
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $516.8k | $21.96 |
| − Vacancy | −$18.6k | −$0.79 |
| EGI | $498.2k | $21.17 |
| − OpEx | −$149.4k | −$6.35 |
| NOI | $348.7k | $14.82 |
23,532 SF · lease $21.96/SF/yr · vacancy 3.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$4.98M
$4.36M – $5.81M
NOI $348,711 @ 7.0% cap · market cap 6.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$10.05M
$8.80M – $11.73M
NOI $703,802 @ 7.0% cap · market cap 12.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Crosspointe Plaza — 824 woods crossing rd, greenville, sc 29607
- The Promenade At Haywood — 765 Haywood Rd, Greenville, SC 29607
- Shops By the Mall — 1175 Woods Crossing Rd, Greenville, SC 29607
- Deep Sea Cosmetics — 700 Haywood Rd, Greenville, SC 29607
- Sunglass Hut at Macy's — 700 Haywood Crossing Dr, Greenville, SC 29607
Frequently Asked Questions
What type of property is this?
Shopping center - Fully leased retail property with long-term tenants and growth potential.
Where is this shopping center located?
The property is located at 635 Congaree Rd Greenville, SC.
What is the asking price?
The asking price for this property is $5,600,000.
What are key features of this property?
This property features: Fully leased to two long‑term tenants; Attractive NNN Investment; Annual 3% rental growth on each tenant
