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12522-12536 Main St, Williston, SC, 29853

12520 Main St
$965,000

Key Information

Cap Rate
8.35%
$ per SF
$47
Tot. SF
20,141
Lot Size
5.21 Acres
Units
6
Year Built
2005
Term Remaining
± 6 YRS
Type
Retail
NOI
$80,700

Highlights

  • Tenant Synergy: The property is supported by national brands while maintaining appeal through the establishment of local businesses, bringing a variety of shopper traffic to the site. Family Dollar is an investment grade tenant, with roughly 63% of the center being occupied by nationally recognized tenants.
  • Access to Major Markets: Convenient hub access to major regional markets – approximately 37 miles to Augusta, 52 miles to Columbia, and 118 miles to Charleston. The property also sees passer by traffic from those traveling between metros.
  • Strong Visibility and Access: The property benefits from strong visibility along Main St, providing prominent exposure to traffic and desirable curb appeal. Additionally, ease of access is enhanced by two separate entry points, allowing convenient ingress and egress for tenants and customers.
  • Attractive Cap Rate & High-Yield: Priced at an attractive cap rate of 8.35%, this investment allows for a potential new owner to have a healthy spread.
  • Below Replacement Cost: At less than $50 PSF, the property is priced well below replacement cost.
  • Fully Stabilized: 100% leased; demonstrating strong historical occupancy with World Finance occupying the space since 2007 and recent leasing momentum on newer leases.
  • Additional Upside/Spin Off Potential: As a bonus, the property includes 4 residential lots at the rear that could be parceled off and sold or developed.

Photos

Location

Agents

Broker of Record

Kyle Matthews

License # 22684, 105710 (SC)
Matthews Real Estate Investment Services, LLC
1600 West End Ave, Ste. 1500 Nashville, TN 37203