618 Fairview Rd Simpsonville, SC 29680-6707
Property profile & analytics
618 Fairview Rd Simpsonville, SC 29680-6707
- Drug stores
- 1,540 SF
- 1.85 lot acres
Property ID
US77-0335968
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Tiffany A. Lee, PharmD / Pharmacy
- Mary Ann Newkirk, RPH / Pharmacy
- Natalie J. Stosak, RPH / Pharmacy
- COVID-19 Drive-Thru Testing at Walgreens / Pharmacy
- Angela J. Dicks, PharmD / Pharmacy
Property Details for 618 Fairview Rd
- Year built
- 1994
- Lot size
- 1.85 lot acres
- Property size
- 1,540 SF
- Zone code
- C2
- Property type
- Drug stores
- APN
- 0329.00-01-002.01
- APU
- 329000100201
Description
This exceptional investment opportunity presents a 14,550-square-foot Walgreens Pharmacy in Simpsonville, South Carolina. Built in 2005, the property sits on a 1.85-acre lot and is situated at 618 Fairview Rd, 29680. The property features a single-story building with an absolute triple-net (NNN) lease, offering significant long-term stability. The lease commenced March 31, 2005, and has a remaining term of 55.4 years, expiring March 31, 2080, with tenant options every five years. The asking price is $4,200,000, representing a price per square foot of $288.66 and an 8.10% cap rate. The current Net Operating Income (NOI) is $340,000. This investment-grade property benefits from a strong tenant, Walgreens Boots Alliance, providing financial security and consistent cash flow. The property's prime location offers excellent visibility and accessibility, enhanced by its proximity to major retailers like Publix and Lowe's. The surrounding area demonstrates robust demographics, with a high average household income and a significant population within a three-mile radius. Simpsonville's continued growth in residential and commercial development further strengthens the property's long-term value and potential. This is a rare opportunity to acquire a high-quality, net-leased retail asset in a thriving South Carolina market.
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
- Simpsonville
- County
- Greenville
- State
- South Carolina
- Longitude
- -82.2568
- Latitude
- 34.7167
- 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
$109,416
$61,650
$259,400
$321,050
-
$1,027,480
$4,323,270
$5,350,750
