Saluda Towne Center
Two Tenant Food Lion Center | Strong Grocer Sales
Marketing description
Saluda Towne Center is a two-tenant, 100% occupied Food Lion–anchored shopping center located along Highway 378 (Travis Avenue) in Saluda, SC, offering excellent visibility and access within the town’s primary commercial corridor. The ±37,450 SF center sits on 3.8 acres and is anchored by a high-performing Food Lion, which assumed operations in 2021 and has since delivered dramatic sales growth. Located just 25 miles from Newberry and 50 miles from Columbia, the property serves a loyal local customer base while benefiting from regional connectivity.
Investment highlights
Top-Performing Anchor Tenant
Food Lion: Strong Sales Growth & Long-Term Commitment
Food Lion has seen a 70% increase in sales since taking over the site from Bi-Lo in 2021, growing from $10.46M ($361 PSF) in 2021 to $17.76M ($613 PSF) in 2025.
The grocer executed a 10-year lease renewal in 2023, extending its term through October 22, 2033, further demonstrating its commitment to the site.
Rent escalates from $9.25 PSF ($268,250 annually) to $9.75 PSF ($282,750 annually) in 2028.
Capital Investment During Renewal
As part of Food Lion’s extension, ownership made substantial improvements including:
New TPO roof installation
Parking lot repaving
Upgraded pylon signage
Tenant Momentum & Leasing Upside
A to Z Discount – New Lease & Build-Out Investment
A to Z Discount, a value-driven variety retailer, signed a new 5-year lease for 8,450 SF, backed by a personal guarantee.
The tenant is responsible for the entire build-out, including HVAC, and is estimated to spend approximately $150,000 (+/-); This investment is supported by:
$50,000 in landlord-provided TI
Four months of free rent
Strategic Location & Accessibility
Regional Visibility & Access
Prime frontage along Highway 378 (Travis Avenue), the main commercial artery through Saluda
Newberry Highway (SC-39) is located just 1.5 miles southeast, linking Saluda to surrounding towns
Positioned 25 miles from Newberry and 50 miles from Columbia, capturing both local and regional traffic
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