Food Lion Center – Greenville-Spartanburg MSA

$ 3,100,000
712-718 S Alabama Ave,
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Overview

  • Updated On:
  • November 22, 2021
  • 62,799.00 ft2

Description

  • Food Lion Anchored Shopping Center | BI-LO Conversion | Junior Anchored by O’Reilly Auto Parts
  • 712-718 S Alabama Ave, Chesnee, SC 29323
  • 8 Years Remaining on Food Lion NNN Lease | 7 Years Remaining on O’Reilly’s NNN Lease
  • 98% Occupied | Owner Will Lease Back 6,000 SF Vacant Suite if Desirable and Will Vacate with 45 Days Notice
  • Value Add for New Owner by Leasing Up Vacancies
  • Corporate Guarantees by Investment Grade Tenants Comprising 84% of the GLA
  • New Roofs for O’Reilly’s, Food Lion, and H&R Block in 2020, 2019, and 2017, Respectively | 10+Year Warranties on All New Roofs
  • NOI: $228,058
  • Cap Rate: 7.13%
Address: 712-718 S Alabama Ave
City:
State/County:
Zip: 29323
Country: United States
Open In Google Maps
Property Id : 19627
Price: $ 3,100,000
Property Size: 62,799.00 ft2
Price/SF: $49.36
Cap Rate: 7.3%
Building Size: 62,799 SF
Rentable Area: 62,799 SF
Lot Size: 5.58 Acres
# of Units: 6 Suites
Year Built: 1986/2002

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Pearce Vogler, CPA

Investment Specialist
Pearce Vogler is based in Charleston, SC and specializes in the analysis and disposition o ...

Ani Paulson

Team Lead | Investment Specialist

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Ani Paulson