1930 Poinsett Hwy Greenville, SC 29609-2851

Property Details for 1930 Poinsett Hwy

Lot size

1.03 lot acres

Zone code

C-2

Property type

Auto shops

APN

0440.00-05-001.02

APU

440000500102

Description

This exceptional investment opportunity presents a 2,400 square foot Jiffy Lube located at 1930 Poinsett Hwy, Greenville, SC 29609. The property sits on a 1.04-acre lot and benefits from an absolute triple-net (NNN) lease with a corporate guarantee, offering significant passive income potential. Built in 2017, the lease commenced October 1, 2017, and expires August 31, 2037, with a remaining term of approximately 12.8 years. The lease includes four, five-year renewal options and features a 10% rent increase every five years, with the next increase scheduled for 2027. The property boasts a highly visible location on Poinsett Highway, experiencing over 35,000 vehicles per day, and is conveniently located within a 10-minute drive of downtown Greenville. This Jiffy Lube consistently performs well, ranking 13th out of 42 locations statewide, demonstrating year-over-year traffic growth. The surrounding area is affluent, with an average household income exceeding $80,681 and substantial consumer spending. The property's strategic location is adjacent to a high-performing Lowe's store, further enhancing its visibility and appeal. The asking price is $2,806,010, representing a price per square foot of $1,169.17 and a cap rate of 6.35%. The current Net Operating Income (NOI) is $178,181. This investment offers a secure and stable return in a thriving retail environment, close to other major retailers including Cherrydale Point Shopping Center and popular restaurants.

Location Insight

City

Greenville

County

Greenville

State

South Carolina

Longitude

-82.4082

Latitude

34.894

CBSA code

24860

CBSA name

GREENVILLE-ANDERSON, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments