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JMM Team Closes High Yield Investment Property

The J. Michael Manley Team recently sold this 1.15-acre investment property in Greenwood for $1,425,000. This is yet another closing that provides evidence of the momentum that is still in the market right now.

The property is a store located in Greenwood, SC. The property is a one-story building with a total of 9,960 SF. The property has over 3-years remaining on their initial 10-year NN lease with (3) 5-year options to renew at the time of settlement and it sold at a 7% cap rate.

The store was built in 2014 and sits on a large parcel of land at a busy intersection on Highway 25 and Business Highway 178.

Anne Mitrick, one of the J. Michael Manley Team’s Realtors®, closed on the property 69-days after going under contract. A full-time real estate agent who focuses on lifetime relationships, Anne is a great asset in any real estate transaction. With experience in investment, commercial properties, and single-family homes, Anne brings a valuable and unique set of skills to each and every client she represents.

If you are in need of a commercial real estate solution and would like to work with a trusted real estate professional with experience in investment and commercial properties, please reach out to Anne and the J. Michael Manley Team. Whether you’re a developer, investor, landlord, or tenant, we are a partner who is invested in seeing you succeed. To learn more about our services, please contact us at 855-473-9976.

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Our agents write often to give you the latest insights on owning a home or property in the Greater Greenville Area area.