Tryon 201

Location

Tryon, NC

Type and Size

Property Summary

Tryon 201 is a 8,900 sf Class B office building in Tryon, SC. Calidus owns and managed this building since 2017 to date. The property sits on 0.7s acres of land in a downtown location. The property is currently being renovated for a future tenant.

Map

Office

8,900 sf

Investment Narrative

201 Pacolet Street located in Tryon, NC is a two-story building designed as a bank branch and leased to Bank of America through September 2023. This asset is very well located with strong cash flow. At the end of the lease term, this property’s highest and best use will be for a mixed-use retail and residential development. Tryon is a small yet vibrant town. The International Equestrian Center, a $300M development, is in close proximity to the town.