1839 J a Cochran Byp - Storefront FOR SALE


Chester, SC 29706
$250,000 USD
305-206-1286
1839 J a Cochran Byp, Chester, SC for Sale
$250,000 USD
Storefront - FOR SALE
1/12
null | Request Cap Rate

1839 J a Cochran Byp
Chester, SC 29706


HIGHLIGHTS

  • STARTING BID $250,000 | Tractor Supply + Former Big Lots | 42% Occupied | 10+ Yrs Lease Remaining | 23K VPD | Charlotte MSA | AUCTION JULY 13-15
  • 2-Tenant Retail with Tractor Supply (10+ Yrs Lease Remain) and Former Big Lots in Suburban Charlotte
  • Cash-flowing at 42.29% Occupancy and Value-Add via Lease-Up of the 35,205 SF Big Lots Vacancy
  • Highway Frontage of ±15,184 VPD Traffic Counts on J A Cochran Bypass and ±8,746 VPD on Lancaster Hwy; Off Signalized Corner
  • National Retailers Nearby and Adjacent: Walmart, Dollar Tree, CVS, Wendy’s, Bojangles, Auto Zone, Waffle House, Subway, Roses
  • Attractive Demographics with Population of ±13,652 and Annual Household Income of ±$58,808 (5-Mile)

OVERVIEW

Marcus & Millichap is pleased to present the opportunity to acquire an inline, two-tenant retail building located within Chester Crossing at 1839 J.A. Cochran Bypass in Chester, South Carolina 29706 (the “Property”). Currently ±42.29% occupied by Tractor Supply, the Property is offered significantly below replacement cost, creating an exceptional opportunity to acquire a highly visible retail asset with existing cash flow and substantial lease-up potential in the growing Greater Charlotte region. Constructed in 1991, the Property consists of a ±61,008 SF single-story retail building situated on an expansive ±7.65-acre (±333,364 SF) parcel. Located within Chester Crossing Shopping Center, the site features 292 surface parking spaces, prominent pylon signage, and frontage along J.A. Cochran Bypass and Lancaster Highway, which carries approximately ±15,237 vehicles per day. The Property benefits from multiple points of ingress and egress, providing convenient access and strong visibility for both tenants and customers. The building is currently configured for two retail tenants, with Tractor Supply occupying ±25,803 SF and providing stable in-place income. The remaining ±35,205 SF, formerly occupied by Big Lots, became vacant following the retailer’s corporate bankruptcy and presents a significant value-add leasing opportunity. The former Big Lots space offers functional second-generation retail improvements, a large open sales floor, and existing infrastructure that can accommodate a variety of retail, fitness, entertainment, discount, furniture, showroom, service-oriented, or specialty retail users. The Property currently generates more than $81,000 in annual rental income and offers investors the ability to increase cash flow through lease-up of the vacant space at market rents and through development of the site’s outparcel. According to CoStar, retail asking rents within the Chester submarket are generally around $14/SF. Zoned “GC” (General Commercial), the Property permits a broad range of retail, commercial, and service uses, further enhancing long-term flexibility and investment appeal. Chester is strategically located in Chester County along the Interstate 77 corridor, approximately ±45-Mi south of Downtown Charlotte, and serves as an important commercial and service hub between the Charlotte metropolitan area and Columbia, South Carolina. The Property is positioned along J.A. Cochran Bypass (SC-9 Bypass), one of Chester’s primary retail corridors, providing excellent visibility, accessibility, and exposure to regional traffic. The Property is surrounded by a concentration of national and regional retailers including Walmart Supercenter, Food Lion, CVS, KJ’s, AutoZone, Dollar Tree, and numerous quick-service restaurants and service-oriented businesses that generate consistent consumer activity throughout the trade area. Interstate 77, located approximately ±15 minutes from the Property, provides direct north-south connectivity to both Charlotte and Columbia, supporting regional commerce and customer draw from surrounding communities. The area benefits from a diverse economic base supported by manufacturing, distribution, healthcare, education, and government employment. Major employers in the region include Giti Tire, Eaton Corporation, Ross Distribution Center, Chester County School District, and MUSC Health Chester Medical Center, all of which contribute to a stable daytime population and workforce presence.Within a 5-mile radius, the Property serves ±13,652 residents with an average household income exceeding ±$58,000.

FOR SALE DETAILS

PRICE

$250,000 USD

PRICE/SF

$4 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Auction-REIT Sale-Tractor Supply/Fmr Big Lots

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Freestanding, Storefront Retail/Office, Department Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1991

SPRINKLERS

-

PARKING SPACES

102

LAND DETAILS

LAND ACRES

7.65 AC

LAND SF

333,234 SF

ZONING

GC

APN/PARCEL ID

079-03-08-012-000

ASK ABOUT THIS PROPERTY

Philip KatesMarcus & MillichapMore Info
305-206-1286

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Philip KatesMarcus & MillichapMore Info
305-206-1286

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.