Listed by Palomar Real Estate Group
$2,515,000
St. Matthews Shopping Center
Details
APN 118-14-05-003
Property Type Retail
Sub Type Grocery Store, Shopping Center
Square Footage 29,015
Net Rentable (SqFt) 29,015
Units 6
Cap Rate 9.00%
NOI $226,349
Occupancy 96%
Tenancy Multi
Brand/Tenant Piggly Wiggly
Price per SqFt $87
Year Built 2001
Buildings 1
Stories 1
Acreage 3.520
Retail | 9.00% CAP | 29,015 SqFt
Marketing description
•The Premier Retail Asset of St. Matthews, SC
•The only grocery store in a 25-minute drive radius
•Only grocery operator offering fresh produce and full deli sections within the trade area
•Located on Hwy 601 which connects St. Matthews to I-26
•The most heavily traveled road in the market
•Anchored by Piggly Wiggly grocery store with potential term through 2039
•96% occupied
•Upside
•One small shop vacancy
•No tenants have more than 4 years left in their base term
•Minimal slippage
•All in-place tenants fully reimburse
•Priced below replacement costs, $87psf
Listing Contacts
Listed by Palomar Real Estate Group
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$226,349.00
$18,862.42/mo
Valuation Metrics
0
DSCR
9%
Cap Rate
9%
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Brokerage
Title
Brokerage Address
Is there information that looks off?
