1332 Pleasantburg Dr Greenville, SC 29607-1251

Property Details for 1332 Pleasantburg Dr

Lot size

0.16 lot acres

Zone code

C2

Property type

Retail space

APN

0276.01-01-021.01

APU

276010102101

Description

This exceptional investment opportunity presents a fee-simple interest in a 38,003 square foot Crunch Fitness facility in Greenville, South Carolina. Located at 1332 S Pleasantburg Dr, this property boasts a prime location on a signalized, hard-corner intersection with excellent visibility and access to Interstate 85 (117,100 VPD). The property features 158 parking spaces and sits on a 3.72-acre lot, zoned C-2 Commercial District. The building, constructed in 2006 and renovated in 2022, is currently under a 15-year NNN lease commencing June 1, 2026, and expiring June 1, 2041, with a remaining term of 16.5 years. The lease includes 1.25% annual rental increases, ensuring consistent NOI growth. The current asking price is $6,500,000, representing a price per square foot of $171.04 and a 7.24% cap rate, with a current NOI of $470,892. The property benefits from a strong national tenant, Crunch Fitness, and is situated in a thriving retail corridor with numerous national credit tenants nearby, including Home Depot, Aldi, and Dollar General. The 5-mile trade area boasts a substantial population and high average household income, providing a robust consumer base. This low-management investment opportunity offers significant long-term value and passive income potential. The property's APN is M015.05-01-004.03.