Gaston Center
Fully Leased Dollar Tree Anchored Center
Marketing description
National Credit Anchor
Anchored by Dollar Tree (NYSE: DLTR), a Fortune 500 company ranked 137, the center
benefits from strong brand recognition and a reliable traffic driver. Dollar Tree has been a
key tenant for more than 10 years, and their recent exercise of a renewal option further
demonstrates their long-term commitment to and confidence in the market.
Growing Submarket
The Property is strategically positioned near several significant residential developments
that are driving rapid population growth in the Gaston submarket. The area is benefiting
from a surge in new single-family development announcements, including the 198-unit
Valley Crest subdivision, the 119-unit Tera Pines subdivision, and a proposed 318-
unit single-family community. This pipeline of housing activity underscores Gaston’s
emergence as one of the fastest-growing submarkets in central South Carolina.
Ease of Customer Access
The center provides excellent consumer accessibility with three dedicated points of
ingress and egress, allowing for smooth traffic flow and convenient entry from multiple
directions.
Internet Resistant Tenant Mix
A tenant mix comprised primarily of necessity goods and essential-service providers
significantly mitigates exposure to e-commerce–related risk for a new investor. Retail
categories within the center such as groceries, medical services, pharmacies, personal
care, occupy nearly 87% of the center.
Minimal Shopping Center Competition
The center benefits from minimal direct retail competition within the town limits of
Gaston, positioning it as a premier shopping destination for both existing and incoming
residents. This competitive advantage enhances tenant performance, strengthens
retailer demand for space, and creates a compelling environment for future leasing
opportunities. As the surrounding population continues to grow, the center is well
positioned to capture an outsized share of local consumer spending.
Investment highlights
FAST FACTS
• Lexington County’s population as of 2025 is 317,671.
• Lake Murray is a 50,000-acre man-made lake, offering 649 miles of
shoreline for recreation.
• Lexington is located near several major highways, including I-20
and I-26, providing easy access to Columbia (just 12 miles away)
and other regional destinations.
• Lexington is attracting major companies like Nephron and Amazon,
leading to increased job opportunities and drawing in new residents.
• Lexington County boasts award-winning schools, making it a
desirable place for families to settle down and raise their children.
• The Columbia Metropolitan Airport sits in the heart of Lexington
County and provides the Midland’s with nonstop flights to many
major US cities.
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