Retail Investment
For Sale
Contact for pricing
635 Congaree Rd, Greenville, SC
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 Market332
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) 334-4145
Listed By:
James McKay · License #89652
(864) 747-5627
Source:
Moodyscre
Added: Nov 28, 2025
Changed: Oct 25
Last Checked: Oct 26 at 6:17PM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$348,711
Cap Rate
6.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,974,220
$7.0M
Cap Rate 7%
$4,981,586
$5.0M
Cap Rate 9%
$3,874,567
$3.9M
Market Conditions
NOI Build-Up for 23,532 SF
Gross rent
$516.8K $21.96/SF
− Vacancy
−$18.6K −$0.79/SF
EGI
$498.2K $21.17/SF
− OpEx
−$149.4K −$6.35/SF
NOI
$348.7K $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%
$6,974,220
Cap Rate 7%
$4,981,586
Cap Rate 9%
$3,874,567
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.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,565
Businesses Nearby
40k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 66%
Electronics 16%
Shops & Services 8%
Apparel 5%
Steak 'n Shake
Dining
12,233 visits/mo
0.4 miles
McAlister's Deli
Dining
6,499 visits/mo
0.3 miles
Jimmy John's
Dining
4,057 visits/mo
0.5 miles
Verizon
Electronics
3,971 visits/mo
0.4 miles
K&W Cafeteria
Dining
2,869 visits/mo
0.4 miles
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Greenville, SC
Similar Off Market Nearby
- Crosspointe Plaza — 824 woods crossing rd, greenville, sc 29607
- Deep Sea Cosmetics — 700 Haywood Rd, Greenville, SC 29607
- Shops By the Mall — 1175 Woods Crossing Rd, Greenville, SC 29607
- The Promenade At Haywood — 765 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
