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    902 Greenwood St Abbeville, SC 29620

    For Sale
    $1,557,927

    High-yield CVS Pharmacy, strong lease.

    Property size:
    9,801 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional investment opportunity presents a 9,801 square foot CVS Pharmacy located at 902 W Greenwood St, Abbeville, SC 29620. Situated on a 1.93-acre lot, this property boasts a convenient drive-thru. The property features a strong, absolute NNN ground lease with minimal landlord responsibilities, ensuring a passive income stream. The current lease with CVS Pharmacy extends to January 1, 2031, providing over six years of remaining lease term, plus ten five-year renewal options. The asking price is $1,557,927, reflecting an attractive 11.25% capitalization rate based on a Net Operating Income (NOI) of $175,266. Importantly, a three-year rent holiday commences February 1, 2028, a factor already considered in the aggressive pricing strategy. This single-tenant, 100% occupied property offers a secure and lucrative investment prospect in a stable market. The property's location in Abbeville County, South Carolina, provides excellent visibility and accessibility. This is a rare chance to acquire a high-performing, low-maintenance retail asset with significant long-term potential.

    Property Features for 902 Greenwood St

    General Information

    Property type
    Individual retail properties
    Square Feet
    9,801 SF

    Building Details

    Buildings
    1

    HighLights

    • 9,801 SF CVS Pharmacy on a 1.93‑acre lot with drive‑thru.
    • Aggressive pricing reflecting an 11.25% cap rate.
    • Over six years remaining on the lease term.
    • Absolute NNN ground lease with minimal landlord responsibilities.
    • Three‑year rent holiday starting 2/1/2028, factored into pricing.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    CVS Pharmacy Pharmacy CVS Drug Store Split Stop Gas Station CDReload - Online Bitcoin ... Crypto Atm CDReload Instant Bitcoin Crypto Atm

    Suggested Use

    Restaurant Spa & Massage Hair Salon Building Supply Auto Repair Shop Gym & Fitness Wholesale Shop Pharmacy Skin Care Clinic Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Abbeville
    County
    Abbeville
    State
    South Carolina
    Longitude
    -82.3843754
    Latitude
    34.1611173

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    FAQs

    What type of property is this?
    Individual retail property - High-yield CVS Pharmacy, strong lease.
    Where is this individual retail property located?
    The property is located at 902 Greenwood St Abbeville, SC.
    What is the asking price?
    The asking price for this property is $1,557,927.
    What are key features of this property?
    This property features: 9,801 SF CVS Pharmacy on a 1.93-acre lot with drive-thru.; Aggressive pricing reflecting an 11.25% cap rate.; Over six years remaining on the lease term.
    Request Owner's contact information
    902 Greenwood St Abbeville, SC 29620
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    Abbeville, SC 29620
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    902 Greenwood St Abbeville, SC 29620
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