Family Dollar - Spartanburg

Retail-Commercial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30594880
Property Subtypes: Free-Standing Building
Status: Pending/Contingent
Building Size (RSF): 8,320 SF
Gross Building Area: See Agent
Sale Price: $1,398,322
Unit Price: $168.07 PSF
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Cash to Seller
Cap Rate: 7.15%
Last Updated: 8/19/2020

Overview / Comments

Highly desirable, recession proof, e-commerce resistant. Investment grade tenant. High sales projection store. Excellent visibility at signalized intersection. +220’ of frontage on major arterial road. No direct competition. Growing area. High daytime work force. Experiencing rapid growth and increase in traffic counts due to new public schools and new residential growth. New $185m Spartanburg High School (opened fall 2019). New $40m Drayton Mill Elementary School (opened fall 2018). Newly acquired Spartanburg Medical Center - Mary Black Campus across from site. Several nursing homes in the immediate area.

Additional Details

Nearest MSA: Spartanburg
County: Spartanburg
Tax ID/APN: 7-09-06-048.00
Year Built: 2019

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,485 32,275 82,802
Median Age: 48.18 41.75 37.94
Households: 1,232 13,652 33,482


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