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Marcus & Millichap Brokers Sale of Upstate South Carolina Retail Property Leased to Chase Bank
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Marcus & Millichap Brokers Sale of Upstate South Carolina Retail Property Leased to Chase Bank
BOILING SPRINGS, S.C. — Don McMinn and Andrew Koriwchak of Marcus & Millichap’s Taylor McMinn Retail Group have brokered the sale of a freestanding retail property in Boiling Springs, a city in Upstate South Carolina’s Spartanburg County. Chase Bank occupies the property on a 15-year, corporate guaranteed ground lease that features 10 percent rent increases in the initial term and extension options. The seller, a repeat developer for Chase Bank …
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