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DOM: 387 Updated: 03.02.25 Posted: 02.06.24 Status: Sold 02.28.25

Summary

Price $640,000 $655,586
Built/Renov 1980
Tenant TitleMax
Cap Rate 7.17% 7.00%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 21,000
Lease Start 06-21-2010
#Units 900
Price/SF $30.48 $31.22
Expiration 09-30-2028
Tenant Type Bank/Financial
NOI $45,891
R. Term 3.5
Ownership Fee Simple
Rent/SF $2.19
Increases 2.0%/1/yrs
Pop 5Mi 123,279
Lot/AC 0.70
Options 0/0yrs
AHHI 5Mi $87,392

Lease Highlights

  • TitleMax has been operating in this location since 2010
  • The tenant has 4+ years remaining on the current lease term
  • The lease features 2% annual rental increases
  • Corporate guaranteed lease

Location Description

TitleMax is strategically located along White Horse Road, which is the primary retail hub housing several renowned national tenants. It is also in proximity to Carolina High School and an industrial park. The 5-mile trade area is supported by a population of 123,279 with an average household income of $87,392. Greenville is both a city in and the county seat of Greenville County, South...

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Maps

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Tenant

  • Tenant: TitleMax
  • Guarantor:Corporate
  • Company:TMX Finance, LLC
  • # Units:900
  • Stock:Private

About Tenant

TitleMax, Inc. is an American privately owned title lending business that provides title loan and title pawn products which allows customers to borrow against the value of their vehicles while...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 6,743 48,540 130,644
2023 Total Population : 6,718 46,612 125,841
2023 Employed Civilian Pop : 2,827 21,536 57,047
2023 Total Businesses : 195 2,185 6,540
2023 Average Household Income : $ 78,541 $ 88,497 $ 89,853
2023 Total Consumer Spending : $ 188 M $ 1486 M $ 4047 M
2023 Median Age : 39 40 39
2023 Total Households : 2,693 19,031 51,358
2023 Pop Age 25+: Bachelor's Degree : 844 7,421 18,831
2023 Average Home Value : $ 174,446 $ 330,558 $ 334,087
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
White Horse Road E Welcome Rd 2022 42,800 0.35 mi
Anderson Road Blackwood St 2022 12,600 0.43 mi
Anderson Road Fortner Ave 2021 12,400 0.43 mi
Staunton Bridge Road Huff Dr 2022 3,800 0.84 mi
New Dunham Bridge Road Mona Way 2021 700 1.04 mi
New Dunham Bridge Road Mona Way 2022 700 1.04 mi
South Washington Avenue S Sumter St 2022 16,300 1.09 mi
White Horse Road Black Hawk Rd 2021 36,600 1.09 mi
Hollywood Drive Vesta Dr 2021 900 1.13 mi
Marue Drive Duke St 2022 3,000 1.16 mi

Listing Broker

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Jake Gloor

Colliers

Contact
  • 2 Listings
  • 449 Views
  • 1 Sold
Christian Pera

Colliers

Contact
  • 5 Listings
  • 985 Views
  • 3 Sold

I am a member of the net lease investment sales team based out of Chicago. Led by industry veteran Peter Block, I help to broker the purchase and sale of single tenant net lease properties for clients all over the country.

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Christian is a Senior Associate with Colliers Chicago-based Net Lease Investment team. Led by industry veteran Peter Block, the team assists clients across the country in the disposition and acquisition of single-tenant retail assets. In addition to general sales Christian’s primary focus is properties within the major retail sector such as QSRs, Automotive, Pharmacy, Dollar Stores, etc. Christian has a exceptional talent at A trusted advisor for the retail industry, Christian and his team

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Peter Block

Colliers

Contact
  • 6 Listings
  • 1310 Views
  • 3 Sold

Clients appreciate my consultative real estate approach and lean on more than 35 years of industry experience. As an executive vice president, I lead Colliers International’s Chicago-based, four-member retail investment practice group. In the most recent calendar year, our team bought or sold 70 properties. These were sales of single tenant net lease investments and multi-tenant shopping centers. I serve as the chairman of Colliers NNN investment practice and have transacted record-settin

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