426 Fairforest Way, Greenville, SC 29607
For Sale
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This exceptional retail investment opportunity encompasses two strategically located properties in South Carolina: 426 Fairforest Way, Greenville (Greenville County, zip 29607), and 215 Stoneridge Dr, Columbia (Richland County, zip 29210). The portfolio boasts a combined 6,716 to 34,284 square feet of retail space, situated on a total of 0.66 to 2.81 acres of land. Built between 1978 and 1998, these properties offer a strong foundation for continued success. The current lease agreement has 13 years remaining, expiring August 14, 2037, providing long-term stability and predictable cash flow. The properties generate a substantial net operating income (NOI) of $460,504, representing a compelling 6.75% capitalization rate. With a price per square foot of $198.99, this portfolio presents a rare opportunity to acquire high-quality retail assets in thriving South Carolina markets. Ample parking is available, with 119 spaces across both locations. The properties are identified by APN numbers 07212-03-05 and M012030100112. This investment offers a unique blend of established income and significant long-term growth potential in two dynamic South Carolina cities, known for their strong economies and favorable business climates. The Greenville location benefits from excellent highway access, proximity to Greenville Spartanburg International Airport, and a robust business environment attracting numerous Fortune 500 companies and international businesses. Columbia's central location provides easy access to major markets via air, land, and sea, supported by a highly skilled workforce and strong highway connectivity.
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Rogers & Callcott Environmental Environmental Consultant Environmental Engineer
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
S-1 · Greenville, SCGreenville. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.