Sands Investment Group is Pleased to Exclusively Offer For Sale the 32,144 SF Build-to-Suit Industrial NNN For Sale Located at 331 West Phillips Road in Greer, South Carolina. DHL Has 23 Years of Successful Operating History at This Location With a Rare 6 Year Term on a Triple Net (NNN) Lease and 3+ Years Remaining Including 2 x 5 Year Options.
This Strategic Location is Adjacent to Interstate 85 and 2-Miles From the Greenville-Spartanburg International Airport, Which Provides an Opportunity For a Best-of-Class Investment With a BBB Investment-Grade Tenant in the Highly Desirable Greenville, SC Industrial Market.
- Corporate Guaranteed Triple Net (NNN) Lease With Over 3 Years Remaining and 2 x 5 Year Options
- Rent is Slightly Below Current Market Rents For the GSP Industrial Corridor
- Annual Rent Increase of 3% With an Average NOI of $183,289 For Remaining Term
- BBB Investment-Grade Credit Rating With $83.5 Billion in 2020 Revenues
- Strategic Location Situated Adjacent to Interstate-85 and Only 2-Miles From the Greenville-Spartanburg International Airport
- Successful Operating History With Over 23 Years at This Location Showing Strong Commitment to the Site
- Build-to-Suit DHL Express
- Excellent Demographics With a Population of 105,337 Residents Making an Average Household Income of $98,887 Within a 5-Mile Radius
- DHL Express is Deutsche Post DHL Group’s Most Profitable Division – $20 Billion in Annual Revenues and Daily Shipments Increasing By an Average of 6.10% YOY
- Nearby Tenants Include: UPS Freight, Bausch & Lomb, Michelin North American Headquarters, Sunbelt Rentals, BMW Manufacturing Plant, AIT Worldwide, Speedway Packaging & Distribution, Top Golf and More
In Cooperation With Sands Investment Group Charleston, LLC – Lic. #20891
BoR: Chris Sands – Lic. # 93103
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