1876 Blackstock Rd Roebuck, SC 29376-2700
- Retail space
- 16,368 SF
- 1.27 lot acres
Current Use by Public Records
- Dollar Tree / Party Store / School Supply Store
Property Details for 1876 Blackstock Rd
- Year built
- 2008
- Construction
- METAL FRAME
- Lot size
- 1.27 lot acres
- Property size
- 16,368 SF
- Property type
- Retail space
- APN
- 6-2900-04507
- APU
- 6290004507
Description
This exceptional investment opportunity presents a 16,750-square-foot Dollar Tree storefront in Roebuck, South Carolina. The property boasts a brand-new 10-year net lease with a corporate guarantee, ensuring consistent income. The building underwent a complete renovation in 2024, and features a new parking lot with approximately 45 spaces. Located on 1.278 acres, this single-tenant property offers a strong 7.75% cap rate and a substantial net operating income (NOI) of $134,000, based on an asking price of $1,729,032. The property's price per square foot is $103.23, significantly below replacement cost. The location is strategically positioned less than five miles from Highway 29, a major retail corridor in Spartanburg. The property benefits from its proximity to Interstate 26 and Highway 221, providing excellent accessibility. Furthermore, the surrounding area is experiencing significant residential growth, with over 1,079 new homes under development within a two-mile radius. The Greenville-Spartanburg MSA, where this property resides, is recognized for its robust economy, driven by manufacturing, aerospace, and a skilled workforce. Dollar Tree, a Fortune 150 company with over 15,000 locations nationwide, enjoys a strong credit rating (BBB by Standard & Poor's) and boasts annual revenue exceeding $30.6 billion. The property's location within this thriving market, coupled with the strength of the tenant and lease terms, makes this a compelling investment opportunity. The lease includes five-year renewal options. The property is 100% occupied.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $925,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $965,000
- 6.5%
- $915,000
- 7%
- $990,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $930,000
- Geo Method
- $845,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,000,000
- Retail
- $820,000
- Mixed-Use
- $1,075,000
- Hospitality
- $865,000
- Educational
- $1,120,000
- Residential Income
- $815,000
- Energy
- $860,000
- Income-Based Land
- $920,000
- Food Service
- $955,000
Location Insight
- Map
- Local Demand
- City
- Roebuck
- County
- Spartanburg
- State
- South Carolina
- Longitude
- -81.9717
- Latitude
- 34.8857
- CBSA code
- 43900
- CBSA name
- SPARTANBURG, SC METROPOLITAN STATISTICAL AREA
