224 E Butler Rd Mauldin, SC 29662
Property profile & analytics
224 E Butler Rd Mauldin, SC 29662
- Drug stores
- 1,174 SF
- 1.40 lot acres
Property ID
US77-0891901
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Location Intelligence
Current Use by Public Records
- CVS Photo / (Bike/Boat/Book/etc) Store
- Angela P. Stiles, FNP / Physician
- CDReload - Online Bitcoin ATM / Bank / Credit Union
- MinuteClinic at CVS / Medical Clinic
- CVS Pharmacy / Pharmacy
Property Details for 224 E Butler Rd
- Lot size
- 1.40 lot acres
- Property size
- 1,174 SF
- Zone code
- R20
- Property type
- Drug stores
- APN
- M004.01-01-010.01
- APU
- M004010101001
Description
This investment opportunity presents a net-leased CVS Pharmacy located at 224 E Butler Rd, Mauldin, SC 29662. The property boasts 10,125 square feet on a 1.4-acre lot and is priced at $2,861,429, representing a price per square foot of $282.61 and a 7.00% cap rate. The property generates a net operating income (NOI) of $200,300. The lease is a single-tenant, triple-net (NN) lease with a corporate guarantee from CVS Pharmacy, expiring December 31, 2027, leaving approximately 3.1 years remaining. Landlord responsibilities are limited to roof and structure maintenance; a new roof was installed in 2021. This CVS location uniquely features a HealthHUB and MinuteClinic, amenities found in only 15% of CVS locations. The property benefits from its high-visibility location on E Butler Rd, experiencing over 24,000 vehicles per day. It's situated near BridgeWay Station and I-185, providing excellent accessibility. The surrounding area demonstrates strong demographics, with 133,316 residents and an average household income of $101,022 within a 5-mile radius. Mauldin is experiencing significant growth, with a projected 25% population increase by 2030. This presents a compelling investment opportunity due to the strong tenant, long-term lease, and favorable market conditions.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Mauldin
- County
- Greenville
- State
- South Carolina
- Longitude
- -82.2962
- Latitude
- 34.784
- CBSA code
- 24860
- CBSA name
- GREENVILLE-ANDERSON, SC METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$48,940
$16,280
$129,740
$146,020
-
$271,250
$2,162,380
$2,433,630
