2614 Poinsett Hwy

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2614 Poinsett Hwy

Greenville, SC 29609
Asking Price
$1.35M
Cap Rate
6.94%
Asset Type
Convenience Store Retail
Class
Class B

What's Special

3 Miles to Downtown GVL | 3-Mile Population of 56K+ | 1-Mile Avg HH Income of $90K <ul><li>​Rare older NNN lease where landlord has ZERO management/maintenance responsibility</li><li>​Near term rent bump of 10% in May 2029 (renewal option 1) pushing Cap Rate north of 7.6%</li><li>​Upside potential with over 2.7 acres of land and below market rent of $10.38 PSF currently</li><li>​Traffic counts over 23,500 on 5-lane Poinsett Hwy north of site and over 34,500 south of it</li><li>​Population over 56,000 and average household incomes over $97,000 in a 3-mile radius</li><li>​Dense

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NOI
$80,000
Cap Rate
5.93%
DSCR
1.00
Underwater
Cash-on-Cash
-0.04%
Monthly Payment
$6,679.063
Annual Cash Flow
$-148.761

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