3120 White Horse RdGreenville, SC 29611

Property Details for 3120 White Horse Rd

Lot size

0.75 AC

Zone code

C2

Property type

Office properties

Property subtype

Office buildings

APN

0249.00-05-013.00

APU

249000501300

Description

This exceptional investment opportunity presents a single-tenant, net-leased storefront located at 3120 White Horse Road, Greenville, SC 29611. The property, a 2,100 square foot building constructed in 1980/2010, is currently 100% occupied by TitleMax under a lease commencing June 20, 2010. The lease features annual rent bumps of 2%, ensuring consistent income growth. The property boasts a strong net operating income (NOI) of $45,891, translating to an attractive 7.00% capitalization rate. This is a single-story building situated on a prime retail corridor in Greenville, surrounded by other national retailers. The location benefits from a dense population, with over 120,000 people residing within a 5-mile radius, and an average household income exceeding $87,392. The asking price is $655,586. The investment is further secured by a corporate guarantee, minimizing risk and providing peace of mind. This "bite-size" deal is ideal for investors seeking a stable, high-return investment with significant upside potential. The property's strategic location, strong tenant, and favorable lease terms make it a compelling opportunity in the thriving Greenville market.

• CAP approach

  CAP return

  Valuation

  6%

  $8,391,569

  6.5%

  $7,746,064

  7%

  $7,192,774

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,700,506

  Geo Method

  $2,700,506

• Alternative Use

  Use

  Valuation

  Residential

  $9,605,119

  Hospitality

  $8,798,237

  Educational

  $7,320,030

  Medical

  $7,571,778

  Retail

  $11,386,714

Location Insight

City

Greenville

County

Greenville

State

South Carolina

Latitude

34.8167

Longitude

-82.4416

CBSA code

24860

CBSA name

GREENVILLE-ANDERSON, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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