2052-2098 Bells Hwy - Retail FOR SALE


Walterboro, SC 29488
$10,250,000 USD
678-462-4442
2052-2098 Bells Hwy, Walterboro, SC for Sale
$10,250,000 USD
Retail - FOR SALE
1/29
null | 7.54% Cap Rate

2052-2098 Bells Hwy
Walterboro, SC 29488


HIGHLIGHTS

  • 53k SF Walmart Shadow Center in Walterboro with new roof and awnings, resurfaced parking lot
  • 3 new tenants with 10 year leases taking up 33% of the space
  • 51% of the GL A has same tenants since 2007, 71% are national and regional tenants
  • High synergy with Walmart, Murphy’s USA gas station, a ten-station Tesla Charging Station, and diverse mix of tenants
  • Highly visible on I-95 with 50,000 vehicles per day located in the middle of the triangle formed by Savannah, Columbia and Charleston (50 miles)

OVERVIEW

About 53,000 Square Feet Shoppes of Walterboro, is a Wal-Mart Shadow Anchored Center offered at $192 price per square foot. The asset has a phenomenal visibility along Interstate 95, which sees over 50,000 vehicles daily. Prime Liquors and Five Below have recently signed 10-year leases. An optical outfit is negotiating 10-year lease for 3,200 SF, which will require Game Stop to move to the only remaining 1,600 SF vacant. The Center could be fully leased with three 10-year leases in a matter of time, ushering in long term cash flow with built in increases. With a new roof, resurfaced parking lot, freshly painted green awning for Dollar Tree and blue for Five Below, the Center for all practical purposes is a new property. Video of a Walmart Shadow Center on the least busiest day of the week - Tuesday https://vimeo.com/1070398069

FOR SALE DETAILS

PRICE

$10,250,000 USD

PRICE/SF

$192 USD /SF

CAP RATE

7.54%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Shoppes of Walterboro

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

1200

LAND DETAILS

LAND ACRES

7.4 AC

LAND SF

322,344 SF

ZONING

-

APN/PARCEL ID

146-00-00-196

ASK ABOUT THIS PROPERTY

Altaf SulaimanMarcus & MillichapMore Info
678-462-4442

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Altaf SulaimanMarcus & MillichapMore Info
678-462-4442

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