1794 Poplar Dr Ext Greer, SC 29651-6518
- Warehouses
- 2.18 lot acres
Jun 28, 2022
Current Use by Public Records
- Package Concepts Inc / Mover / Store
Property Details for 1794 Poplar Dr Ext
- Year built
- 1998
- Lot size
- 2.18 lot acres
- Zone code
- I1
- Property type
- Warehouses
- APN
- 0529.01-01-013.02
- APU
- 529010101302
Description
This exceptional sale-leaseback opportunity presents a 18,800-square-foot warehouse situated on a 2.18-acre lot in Greer, South Carolina. The property, built in 1998, features three dock-high doors and a ceiling height of 17.71 feet. Zoned I-1, it enjoys a prime location directly across from the Greenville-Spartanburg International Airport (GSP) and just 3.5 miles from the Inland Port Greer, offering unparalleled access to major transportation routes. The current tenant, a well-established corrugated packaging and shipping supplies company operating for over 35 years, is seeking a long-term lease under a triple-net (NNN) lease structure. The asking price is $1,750,000, yielding a 7.8% capitalization rate based on a net operating income (NOI) of $136,300 and an initial rental rate of $7.25 per square foot. The property's single-tenant occupancy and strong tenant history make this an attractive investment opportunity with significant upside potential. The property's APN is 0529010101302. This sale-leaseback transaction offers a secure income stream with the potential for long-term appreciation. The building consists of one structure and the net rentable square footage is 18,800 square feet. The price per square foot is $93.09.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $655,000
- ML approach
- $675,000
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Location Insight
- Map
- Local Demand
- City
- Greer
- County
- Greenville
- State
- South Carolina
- Longitude
- -82.2246
- Latitude
- 34.8972
- CBSA code
- 24860
- CBSA name
- GREENVILLE-ANDERSON, SC METROPOLITAN STATISTICAL AREA
