Food Lion Center – Greenville-Spartanburg MSA

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%