1401 Woodruff Rd Greenville, SC 29607-6545

Property Details for 1401 Woodruff Rd

Lot size

1.20 lot acres

Zone code

C2

Property type

Strip malls

Property subtype

Neighborhood centers

APN

0547.03-01-033.00

APU

547030103300

Description

This exceptional retail investment property, located at 1401 Woodruff Road in Greenville, South Carolina, presents a compelling opportunity for discerning investors. The 9,600 square foot building sits on a prime outparcel to a Walmart Supercenter, within Greenville's most sought-after retail corridor boasting over 4.3 million square feet of high-quality tenants and approximately 38,600 vehicles per day. Currently operating at 100% occupancy with triple net (NNN) leases, this multi-tenant property offers below-market rents averaging $24.12 per square foot, presenting a significant value-add potential. The property benefits from convenient cross-access to two signalized intersections, mitigating the impact of the Woodruff Road DOT project. Its strategic location, just 0.25 miles from I-385 (104,700 vehicles per day), ensures exceptional visibility and accessibility. The asking price is $3,295,000, representing a 7.00% cap rate and a land value of $343 per square foot. This is a rare opportunity to acquire a high-performing retail asset in a thriving market with significant upside potential. The property's strong operating history and desirable location make it an ideal addition to any investment portfolio. The current leases provide a stable income stream, while the below-market rents offer the potential for significant future rental growth.