Retail•Strip Center•For Sale

2728 Wade Hampton Blvd

2728 Wade Hampton Boulevard, Greenville, South Carolina 29615

Sale Price $1,125,000
Sale Type Investment
Zoning C-2
Bldg Type Multi-Tenant
Vacancy 100%
Gross Bldg 9,700 SqFt
Land Area .7 Acres
Market Greenville
Sub-Market Taylors
Mark Griffiin ,CCIM recently represented 11 Investment Upstate, LLC in acquisition of 2728 plaza an 9,700 sf retail center located the the corner of Wade Hampton Boulevard and Lee Road in Greenville County. Diverse and strong tenant mix including the owner occupant Tax Law and Accounting Group, 9 Round fitness, and a local bakery to name a few. Mr. Griffin helped procure creative debt and equity solutions for the client as well as orchestrate the due diligence including cash flow analysis over a 5 and 10 year hold period. Buyer achieved a leveraged yield of +12% IRR, purchase cap rate of right at 7.5% with rent increases in the near future leading to an easy 8% cap. Transaction created a win/win for struggling owner and allowed an advantagous proposition for the owner occupant to lease back while receiving the benefits of ownership and cash flow. Located along Wade Hampton Blvd across from Publix in Taylors at the intersection of Lee Rd and Elizabeth Dr.
  • Fully leased retail center along Wade Hampton Blvd
  • Diverse tenant mix including 9 Round, Tax office, and Salon, and Bakery
  • Value-add opportunity in growth corridor
  • Excellent area demographics
  • Value-add sold future rent increases
10/4/2019 7:17:52 PM 10/4/2019 7:17:52 PM

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