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Poppy Square

100 McMillan Dr.

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Spartanburg, SC 29303

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Poppy Square

100 McMillan Dr.

Spartanburg, SC 29303

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Contact Broker

Square
Peter Couchell, CCIM Shareholder & Broker/Senior VP - Furman Capital

couchell@furmancap.com
(O) 864.232.9040
(F) 864.235.4300

 
Square
Rob Schmidt Broker

rschmidt@furmancap.com
(C) 864.283.4530
(O) 864.678.5995
(F) 864.235.4300

 


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Sale Overview

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For Sale
Price:
$1,259,241
Building Size:
55,946 SF
Property Type:
Multi-Tenant Investment Property
Lot Size:
4.75 Acres
Year Built:
1974
Download Property Flyer View Lease Website
 


Highlights

  • ±55,946 SF shopping center
  • Situated on ±4.75 acres
  • Built in 1974
  • Zoned B-3 City of Spartanburg
  • Key Tenants: Gattiland, Hollis and Nesbitt, Danz Place, Two Men And A Truck, Five Star, The Pub, Sun King Buffet
  • 79.66% Occupancy
  • Located off of N. Pine Street (±35,500 vpd)
  • Sale Price: $1,259,241
  • 9.00% Cap Rate (Actual)
  • 12.25% Cash on Cash (with Proposed Financing)
  • $22.51 Price Per SF

Description

For Sale Multi Tenant Investment Property / $1,259,241

The Investment Division of NAI Earle Furman is pleased to present Poppy Square, a 55,946 square foot shopping center just off N. Pine Street and just down from Spartanburg Regional Healthcare System and Wofford College. Surrounding retailers include Big Lots, Anna’s Linens, Food Lion, Kimbrell’s Furniture, CVS, Honey Baked Ham and Starbucks. Poppy Square was built in 1974 and is currently leased to six tenants occupying approximately 84% of the shopping center.

Spartanburg is conveniently located in Upstate South Carolina, between Atlanta, GA and Charlotte, NC. Less than an hour from Asheville, NC and only twenty minutes from Greenville, SC. Spartanburg’s location of I-85 and I-26 makes it an attractive choice for businesses and residents. Spartanburg is home to 10 international firms including BMW, Milliken, Michelin N.A. HQ’s, Cryovac, Kohler, Denny’s HQ’s and Amazon. Spartanburg’s international firms represent 18 countries.