RetailOwned
Main Street Market
18 E Main St, Greenville, SC
- Size
- 64,000 SF
- Year built
- 1962
- Acquired
- 02/14/18
- Basis
- $14.5M
- Fund
- Fund I
- Region
- Southeast
- Manager
- PropLake Commercial
- Accounting system
- QuickBooks
T12 NOI
$911K
+1.6% vs prior T12
Occupancy
88.9%
As of Aug 2026 rent roll
NOI / SF
$14.23
Trailing 12 months
Yield on cost
6.28%
T12 NOI / purchase price
DSCR
1.43x
Above 1.20x covenant
Monthly NOI
Sep 25 to Aug 26Sep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Debt
- Lender
- First Citizens
- Balance
- $8,100,000
- Rate
- 4.90%
- Structure
- 20-yr amort
- Maturity
- 03/01/28
- Annual debt service
- $636,120
- LTV on basis
- 55.9%
T12 income statement
PropLake standard chart of accounts · mapped from QuickBooks| Revenue | ||
| 4010Rental Income | $1,473,091 | 12 bronze rows |
| 4020Other Income | $58,931 | 12 bronze rows |
| 4030Vacancy Loss | ($74,144) | 12 bronze rows |
| Total revenue | $1,457,878 | |
| Operating expenses | ||
| 5010Payroll | $108,911 | 12 bronze rows |
| 5020Repairs & Maintenance | $77,507 | 12 bronze rows |
| 5030Utilities | $65,663 | 12 bronze rows |
| 5040Property Taxes | $120,528 | 12 bronze rows |
| 5050Insurance | $43,828 | 12 bronze rows |
| 5060Management Fees | $54,481 | 12 bronze rows |
| 5070Marketing | $22,123 | 12 bronze rows |
| 5080General & Administrative | $53,919 | 12 bronze rows |
| Total operating expenses | $546,960 | |
| Net operating income | $910,918 | |
| Below NOI | ||
| 6010Interest Expense | $396,900 | 12 bronze rows |
| 6020Capital Expenditures | $41,358 | 12 bronze rows |
| Net cash flow | $472,660 | |