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Property profile & analytics
OFF-MARKET
Grocery and convenience stores

1110 Simuel Rd Spartanburg, SC 29301-1122

1,827 SF 0.62 ac lot Built 1966
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US77-2276842
Property summary
AI-generated overview

This exceptional 10,000 square foot Class A retail property, located at 1110 Simuel Road in Spartanburg, South Carolina, presents a unique investment opportunity. The single-tenant building, renovated in 2023, features a 1,500 square foot end cap space with a drive-thru, ideally suited for a quick-service restaurant (QSR). Situated on 0.61 acres of land, the property boasts 24 parking spaces and benefits from its strategic location at the intersection of I-26 and I-85, offering unparalleled visibility and high traffic volume. The property is zoned commercial and is part of a bustling development including a new upscale C-Store with 16 fueling stations, a Cracker Barrel, and a soon-to-open 200-room Four Points by Sheraton hotel. This ensures consistent foot traffic and exposure to a diverse customer base, further enhanced by the proximity of Spartanburg Community College with approximately 6,000 students. The property's single-story design and easy access from Business 85 contribute to its exceptional convenience and accessibility. This is a rare opportunity to secure a prime retail space in a high-growth area of Spartanburg County (zip code 29301). The property has no elevators.

Property profile
Verified
Property type Grocery and convenience stores
Use group CONVENIENCE STORE
Year built 1966
Construction METAL FRAME
Total area 1,827 SF
Lot 0.62 ac (27,007 SF)
APN 6-1200-06801
UPID US77-2276842
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • bp Gas Station
  • Liquor Pointe #1 (Bike/Boat/Book/etc) Store Wine and Liquor Store
  • Swift Stop - Fairforest Gas Station
  • ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Newburg Investments LLC · 4 yrs held
Newburg Investments LLC
since 2022
1 recorded transaction
2022
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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