2814 Main St Anderson, SC 29621

Property Details for 2814 Main St

Lot size

0.32 lot acres

Property type

Parking lots & garages

APN

122-12-04-001

APU

1221204001

Description

This exceptional investment opportunity presents a single-tenant, 10,125 square foot CVS Pharmacy building situated on a 1.16-acre lot at 2814 N Main St, Anderson, SC 29621. The property boasts a strong operating history of nearly 25 years, with a current lease extending to January 31, 2034, offering over 9.2 years of remaining term. The lease, extended in 2019 for 15 years, includes four five-year option periods with rent increases. This prime location, situated at a signalized intersection on Anderson's busiest corridor, benefits from exceptional visibility and minimal landlord responsibilities. The building features a new roof (installed in 2017) and is consistently ranked among the top performing CVS locations nationally (top 13% nationwide, #12 in South Carolina, and #2 within a 30-mile radius). The property's strong performance is further evidenced by historically high sales figures and a 5.25% cap rate, generating a net operating income (NOI) of $213,468. The asking price is $4,066,057, translating to $401.59 per square foot. This is an irreplaceable piece of real estate in a growing market, strategically positioned near other prominent businesses including QuikTrip, Walgreens, and a soon-to-open Whataburger. The property offers significant frontage on Main Street (237 feet) and Concord Road (172 feet). This is a rare opportunity to acquire a high-performing, credit-tenant property with substantial long-term growth potential.