Listed by Marcus & Millichap - Atlanta, Marcus & Millichap - Charleston
$3,150,000
Keowee Towne Center
Details
Property Type Retail
Square Footage 18,653
Net Rentable (SqFt) 18,653
Units 6
Cap Rate 5.39%
NOI $169,712
Occupancy 100%
Tenancy Multi
Lease Type NN
Price per SqFt $169
Broker Co-Op True
Year Built 2007
Acreage 6.630
Ground Lease No
100% Occupied 18,653 SF Shopping Center located on prestigious Lake Keowee
Investment highlights
- 100% occupied 18,653 SF shopping center located on prestigious Lake Keowee
- Priced well below replacement cost at only $168/SF
- The property serves several high-end luxury communities such as: The Cliffs at Keowee Falls (2,500 acre gated community with 195+ homes ranging from $1M-$6M), The Cliffs at Keowee Vineyards (2,400 acre gated community featuring a Tom Fazio designed golf course with 600+ homes ranging from $800K-$5.9M), The Reserve at Lake Keowee (3.900 acre gated community featuring a Jack Nicklaus signature golf course with 380+ homes ranging from $1M-$8.7M), and The Cliffs at Keowee Springs (1,600 acre gated community featuring a Tom Fazio designed golf course with 92+ homes ranging from $1.3M-7M)
- Total of four state of the art buildings featuring tenants such as: Crave Market & Kitchen (8,388 SF), Ace Hardware (4,297 SF), and several medical tenants
- Very conservative rents- average rent of $12.98 over the six tenants
- Percentage rent clauses in Crave Kitchen & Market and Ace Hardware- Crave hit percentage rent in 2025
- Recent capital improvements- owner has invested over $1M in capital improvements over the past 24 months
- Duke Energy’s largest nuclear station (Oconee Nuclear Station) is located on Lake Keowee and is one of the largest nuclear power plants in the Southeast
- Average Household Income over $130,000 within a five-mile radius
Listing Contacts
Listed by Marcus & Millichap - Atlanta, Marcus & Millichap - Charleston
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$169,712.00
$14,142.67/mo
Valuation Metrics
0
DSCR
5.39%
Cap Rate
5.39%
ROI
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