Starbucks-Anchored Three-Tenant Center

310 Bypass 72 NW - Greenwood SC 29649

LTV (Loan to Value)	65.00%	Current NOI	$158,680.00
Interest Rate	4.250%	Capital Rate	7.500%
Fixed Term	10 Years	Land Area	0.85 Acres
Amortization	25 Years	Lease Type	NN
Loan Amount	$1,375,226.45	Property Type	Retail
Payment	$7,450.13	Property Lease	Multi-Tenant
Bulding Size	5,000 SF	Remaining Terms	Varies

Location Description

NNN Lenders is pleased to present to qualified investors the opportunity to acquire 100% fee simple interest in a three-tenant property leased to Starbucks, T-Mobile and Firehouse Subs (the “Property”), located in Greenwood, SC.This excellent quality, fully-stabilized 5,000 SF Property is located on 0.85 acres in front of the Greenwood Mall on Bypass 72 (24,700 VPD). The corporate Starbucks lease will generate more than 1/3 of the Property’s income through lease maturity in August 2017, and features a drive-thru. Starbucks has four (4), five (5) year options available. Firehouse Subs and T-Mobile are franchisee-backed, with lease maturities in December 2017 and November 2017 respectively. Firehouse Subs has one (1), five (5) year option, while T-Mobile has none.The Property’s prime location is bolstered by high traffic counts, strong visibility and easy access. Countless national retailers are located in the immediate vicinity of the Greenwood Mall and this Property, including Walmart, Tractor Supply, Lowe’s, Kohl’s, Hobby Lobby, TJ Maxx, Belk, JCPenney, Walgreens and more.

Highlights

Outstanding Real Estate – Property occupies premier retail location in front of Greenwood Mall at the intersection of Bypass 72…

Property Description

Greenwood is a small city in and the county seat of Greenwood County, South Carolina. The population was 23,379 at the 2013 census. Greenwood offers some of America's finest lifestyle amenities and business opportunities. Situated close to all major Southern markets, Greenwood is a short commute to Greenville, Columbia, Spartanburg, Asheville, Augusta, Atlanta, and Charlotte. Greenwood County is located in the Piedmont Region of South Carolina and serves as a hub for a seven county region including Abbeville, Edgefield, Laurens, McCormick, Newberry, and Saluda counties, all of which feature numerous lakes, attractions, and state recreation areas for regional visitors to experience and explore.