Description
Great investment opportunity in a growing market with upside potential! This property is a former Winn-Dixie that was redeveloped into a multi-tenanted shopping center! It is located at the intersection of Highway 28 and 11 in West Union, SC. The property contains 38,029 square feet of leasable space with Save-A-Lot occupying approximately half of the space with 18,829 sf and Dollar Tree occupying 10,000 +/- with another 9,200 sf +/- available for lease. It draws from a large trade area that reaches all the way up to Lake Keowee and is under served by retail. Current NOI Is $141,487.78 representing a 7.9% cap rate based on asking price with a 25% vacancy providing significant upside potential! Other nearby tenants include CVS, Burke's Outlet, McDonald's, and more!
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0BEDS
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7.28ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
Great investment opportunity in a growing market with upside potential! This property is a former Winn-Dixie that was redeveloped into a multi-tenanted shopping center! It is located at the intersection of Highway 28 and 11 in West Union, SC. The property contains 38,029 square feet of leasable space with Save-A-Lot occupying approximately half of the space with 18,829 sf and Dollar Tree occupying 10,000 +/- with another 9,200 sf +/- available for lease. It draws from a large trade area that reaches all the way up to Lake Keowee and is under served by retail. Current NOI Is $141,487.78 representing a 7.9% cap rate based on asking price with a 25% vacancy providing significant upside potential! Other nearby tenants include CVS, Burke's Outlet, McDonald's, and more!
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