1290 Ridge RdGreenville, SC 29607

Property Details for 1290 Ridge Rd

Year built

1997

Lot size

5.99 AC

Zone code

I-1

Property type

Industrial properties

Property subtype

Other warehouses

APN

M011.01-01-003.26

APU

M011010100326

Description

This exceptional investment opportunity presents a fee-simple interest in a 67,000-square-foot, single-tenant retail portfolio located in Greenville, South Carolina. The property, built in 1997 and renovated in 2014, consists of a single, one-story building situated on a 5.99-acre lot. Currently 100% occupied by Caliber Collision, a credit-rated tenant with a corporate guarantee, the property boasts a strong Net Operating Income (NOI) of $264,406, projected to increase to $280,270. The lease, classified as NN+, features a remaining term of 0.4 years with two five-year options, and includes CPI rent bumps every three years, capped at a 6% maximum increase. The property is zoned I-I and benefits from excellent visibility and access. The tenant's long-term commitment, coupled with the potential for future rent increases or individual leasing, makes this a compelling value-add investment. This portfolio represents a significant opportunity within a thriving Greenville-Spartanburg MSA, a region known for its robust economy and strong business growth. The property's location within a dense industrial corridor further enhances its investment appeal. Detailed financial information and lease specifics are available upon request. The property's APN is M01 1.01-01-003.26.

• Alternative Use

  Use

  Valuation

  Residential

  $65,596,628

  Hospitality

  $60,086,160

  Educational

  $49,990,980

  Medical

  $51,710,244

  Retail

  $77,763,744

Location Insight

City

Greenville

County

Greenville

State

South Carolina

Latitude

34.8051

Longitude

-82.3396

CBSA code

24860

CBSA name

GREENVILLE-ANDERSON, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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