BuildingBits || Details

Verizon Wireless - South Carolina

4867 Calhoun Memorial Hwy., Easley, South Carolina

3.8
BB Rating™
6.2%
Projected Cap Rate
Reg A

Funded: 10.15%

$161,900 raised of $1,595,688

Property Summary

Investment summary:

Overview
This 5,000 SF building was constructed as a relocation store about 1/2 mile from the previous location in 2016. This asset offers an advantageous 10 year NN Lease. The Landlord is responsible for roof, structure, utilities to the point of entry to the building, paved areas and sidewalks.

Demographics
Located in a top 40 MSA containing more than 53,000 residents with an average household income of $63,000 in a 5 mile radius, the demographcis supporting this location are superb. Easley South Carolina is located merley 12 miles away from downtown Greenville and is part of a Top 40 MSA with a total population around 1.5 million.

Access
The building is located directly accross from Easley Town Center, a +/- 650,000 SF power center anchored by Walmart, Sam's Club, Kohl's, PetSmart and Marshalls.  Positioned on Calhoun Memorial Hwy, the market's primary commercial and traffic corridor with over 36,000 cars per day, this large property benefits from excellent exposure.

 

Key features:

  • New construction
  • Built to Verizon's latest specs 
  • Abundant parking
  • Large lot
  • Convenient location
  • Excellent visibility
  • Top 40 MSA

Transaction status:

Pre-Order
Due Diligence
Fully Funded
Pre-Closing
Closed
Fast facts:

Building info:

Projected Cap Rate:
6.2%
BB Rating™:
3.8
Property Type:
Retail
Year Built:
2016
Square Footage:
5,000 SF
Rentable Square Footage:
5,000 SF
Number of Floors:
1
Number of Units:
1
Type of Construction:
Curtain Glass Steel Frame
Listing ID:
12

Tenant summary:

Lease is executed by Cellco Partnership, a wholly owned subsidiary of Verizon Communications (NYSE: VZ)  
Comapny Type: Public
Headquarters: NY, NY
Employees:155,400
Net Income (2017):US$30.101 billion


Map:

Investor Comments

To review or comment on a property you must be a BuildingBits Investor (have made a Bits investment) After you make your first investment you can rate and make comments on investment properties.

Funded: 10%

$161,900 raised of $1,595,688

Ask away

Have a question about this property? Our Transparency Guarantee means we will make every effort we can to get you any all information you need to make an informed decision. If you don't see something here or in our FAQs , reach out to us and we'll help you get the information you need.

Email Us
Call Us: 1-833-BITS PAY
Chat with Us