Retail | 7.00% CAP | 9,210 SqFt

412 McNulty Street at 412 McNulty St, Blythewood, SC 29016 is a compelling value-add retail investment in the heart of Blythewood’s established Town Center corridor. This ±9,210 SF commercial property on 1.0 acre is offered at $1,770,000 and is approximately 75% leased, with ±1,500 SF available for lease-up. Positioned just off I-77 and adjacent to McNulty Plaza, the property benefits from strong visibility, convenient access, and daily traffic counts of roughly 12,500–16,500 vehicles along Blythewood Road. The tenant mix includes service and retail users such as a salon, ice cream shop, coffee/florist space, and owner-occupied hardware/feed space, creating immediate income with upside through lease restructuring and mark-to-market rent growth. Investors have multiple paths to create value, including leasing vacant space, increasing below-market rents, implementing expense reimbursements, and potentially structuring a sale-leaseback with the current owner. Surrounded by national retailers, hotels, and restaurants—and just minutes from the transformative Scout Motors development—this asset is well positioned to capitalize on Blythewood’s rapid population growth and expanding consumer base.

Investment Highlights

• Immediate ability to restructure month-to-month leases
• Opportunity to increase below-market rents toward $17.50–$22 PSF
• Ability to implement NNN expense reimbursements
• Negotiable sale-leaseback with the current owner
• Approximately 1,500 SF of additional lease-up opportunity
• Multiple independent paths to NOI growth
• Below-replacement-cost acquisition opportunity
• Strong Blythewood location and surrounding growth
• Neighboring retail sale supports location and investor demand
• Existing tenant base provides immediate income during stabilization