1290 Rdg Rd Greenville, SC 29607-4626

Property Details for 1290 Rdg Rd

Year built

1997

Lot size

5.99 lot acres

Zone code

I-1

Property type

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.