161 S Pine St , Spartanburg, South Carolina



Price : $1,842,857
Cap Rate : 7%
NOI : $129000
Lease Type : Absolute NNN
Renewal Options : 3, 5-Year
Rental Increases : 7.5% Every 5 Years
Status : Available
Property Type : Retail
Sold : No

Investment Highlights

Upcoming 7.5% Rent Increase March 31, 2022
Excellent Location and Visibility on a Signalized Corner
Surrounded by Numerous Credit Tenants and Local Businesses
Strong Arby's Franchisee Operates 56 Locations and Expanding
Absolute Triple "NNN" Net Lease | Zero Landlord Responsibilities
Lease Is Guaranteed by Franchisee with Over 32 Years of Experience
Major Remodel Scheduled for 2024 Proving Long-Term Commitment to the Location
Two Blocks from Converse College w/ Over 1,300 Students and 1-mile of the Spartanburg County Courthouse
Located in the Busy Downtown Commercial District of Spartanburg, an Affluent Suburb of Northern South Carolina


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