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671 Spartanburg Hwy 5,904 SF 100% Leased Retail Building Hendersonville, NC 28792 $1,925,000 ($326.05/SF) 5.89% Cap Rate
INVESTMENT HIGHLIGHTS
- 2 National Tenants
- Close to Ingles, Chick-Fil-A, Harris Teeter, Walgreens, etc...
- Great location on Spartanburg Hwy
EXECUTIVE SUMMARY
High Visibility 4-Unit Retail Strip Center in Hendersonville NC. Close to Ingles, Chick-Fil-A, Harris Teeter, Walgreens, etc... National tenants include Little Caesars Pizza and Subway who have been long-term tenants for this location. Fully leased Retail Center. Great Investment Property.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,904 SF
Building Class
B
Year Built
1996
Price
$1,925,000
Price Per SF
$326.05
Cap Rate
5.89%
NOI
$113,352
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.20
Lot Size
0.68 AC
Zoning
HC
Parking
39 Spaces (6.61 Spaces per 1,000 SF Leased)
Frontage
TRAFFIC
| COLLECTION STREET | CROSS STREET | TRAFFIC VOLUME | YEAR | Distance |
|---|---|---|---|---|
| Spartanburg Hwy | S Main St, W | 19,918 | 2022 | 0.16 mi |
| Greenville Hwy | White St, S | 12,936 | 2022 | 0.25 mi |
| Old Spartanburg Rd | Hillview Blvd, N | 5,615 | 2015 | 0.30 mi |
| S Grove St | Old Spartanburg Rd, S | 6,018 | 2022 | 0.30 mi |
| S Main St | S Church St, N | 21,139 | 2022 | 0.32 mi |
| Substation St | Old Spartanburg Hwy, S | 1,072 | 2022 | 0.38 mi |
| Golden Gate Dr | Greenville Hwy, NE | 918 | 2018 | 0.38 mi |
| Greenville Hwy | Appledore Ave, SE | 8,955 | 2022 | 0.39 mi |
| South King Street | E Caswell St, N | 7,521 | 2022 | 0.41 mi |
| Spartanburg Hwy | Glover St, E | 22,321 | 2022 | 0.42 mi |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 9953197 | Improvements Assessment | $548,100 |
| Land Assessment | $503,600 | Total Assessment | $1,051,700 |
PROPERTY TAXES
Parcel Number
9953197
Land Assessment
$503,600
Improvements Assessment
$548,100
Total Assessment
$1,051,700
MAP
ADDITIONAL PHOTOS
671 Spartanburg Hwy photo sign
671 Spartanburg Hwy photo 1
671 Spartanburg Hwy photo 2
671 Spartanburg Hwy photo 4
Plat Map