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33255473
33255472

1839 J A COCHRAN BYP, CHESTER, SC 29706

PK
FL 3235872
Marcus & Millichap - Fort Lauderdale
AS
FL 3429070, GA
Marcus & Millichap - Fort Lauderdale
KH
MA License: 9537549
Marcus & Millichap - Fort Lauderdale
Listed by Marcus & Millichap - Fort Lauderdale
$250,000
8 days on market
Updated 8 days ago

Auction - REIT Sale | Tractor Supply + Former Big Lots

Details
Property Type Retail
Sub Type Grocery Store, Storefront (+1)
Square Footage 61,008
Net Rentable (SqFt) 61,008
Units 2
Occupancy 42%
Tenancy Multi
Brand/Tenant Tractor Supply
Lease Expiration 12/31/2036
Remaining Term 10
Rent Bumps Yes
Lease Options Four (4), Five Year Escalations
Year Built 1991
Buildings 1
Stories 1
Acreage 7.650
Parking Spaces 292 spaces
Parking Per SqFt 4.79
Investment Type Value Add
Lease Commencement 06/13/1991
Occupancy Date 06/01/2026
Ground Lease No
Ownership fee simple

STARTING BID $250,000 | Tractor Supply + Former Big Lots | AUCTION JULY 13-15

Marketing description

Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace

Marcus & Millichap and RI Marketplace are pleased to present the opportunity to acquire an inline, two-tenant retail building located within Chester Crossing at 1839 J.A. Cochran Bypass in Chester, South Carolina 29706 (the “Property”). Currently ±42.29% occupied by Tractor Supply, the Property is offered significantly below replacement cost, creating an exceptional opportunity to acquire a highly visible retail asset with existing cash flow and substantial lease-up potential in the growing Greater Charlotte region.

Constructed in 1991, the Property consists of a ±61,008 SF single-story retail building situated on an expansive ±7.65-acre (±333,364 SF) parcel. Located within Chester Crossing Shopping Center, the site features 292 surface parking spaces, prominent pylon signage, and frontage along J.A. Cochran Bypass and Lancaster Highway, which carries approximately ±15,237 vehicles per day. The Property benefits from multiple points of ingress and egress, providing convenient access and strong visibility for both tenants and customers. The building is currently configured for two retail tenants, with Tractor Supply occupying ±25,803 SF and providing stable in-place income. The remaining ±35,205 SF, formerly occupied by Big Lots, became vacant following the retailer’s corporate bankruptcy and presents a significant value-add leasing opportunity. The former Big Lots space offers functional second-generation retail improvements, a large open sales floor, and existing infrastructure that can accommodate a variety of retail, fitness, entertainment, discount, furniture, showroom, service-oriented, or specialty retail users. The Property currently generates more than $81,000 in annual rental income and offers investors the ability to increase cash flow through lease-up of the vacant space at market rents and through development of the site’s outparcel. According to CoStar, retail asking rents within the Chester submarket are generally around $14/SF. Zoned “GC” (General Commercial), the Property permits a broad range of retail, commercial, and service uses, further enhancing long-term flexibility and investment appeal.

Chester is strategically located in Chester County along the Interstate 77 corridor, approximately ±45-Mi south of Downtown Charlotte, and serves as an important commercial and service hub between the Charlotte metropolitan area and Columbia, South Carolina. The Property is positioned along J.A. Cochran Bypass (SC-9 Bypass), one of Chester’s primary retail corridors, providing excellent visibility, accessibility, and exposure to regional traffic. The Property is surrounded by a concentration of national and regional retailers including Walmart Supercenter, Food Lion, CVS, KJ’s, AutoZone, Dollar Tree, and numerous quick-service restaurants and service-oriented businesses that generate consistent consumer activity throughout the trade area. Interstate 77, located approximately ±15 minutes from the Property, provides direct north-south connectivity to both Charlotte and Columbia, supporting regional commerce and customer draw from surrounding communities. The area benefits from a diverse economic base supported by manufacturing, distribution, healthcare, education, and government employment. Major employers in the region include Giti Tire, Eaton Corporation, Ross Distribution Center, Chester County School District, and MUSC Health Chester Medical Center, all of which contribute to a stable daytime population and workforce presence.Within a 5-mile radius, the Property serves ±13,652 residents with an average household income exceeding ±$58,000.

Investment highlights

  • STARTING BID $250,000 | Tractor Supply + Former Big Lots | 42% Occupied | 10+ Yrs Lease Remaining | 23K VPD | Charlotte MSA | AUCTION JULY 13-15
  • 2-Tenant Retail with Tractor Supply (10+ Yrs Lease Remain) and Former Big Lots in Suburban Charlotte
  • Cash-flowing at 42.29% Occupancy and Value-Add via Lease-Up of the 35,205 SF Big Lots Vacancy
  • Highway Frontage of ±15,184 VPD Traffic Counts on J A Cochran Bypass and ±8,746 VPD on Lancaster Hwy; Off Signalized Corner
  • National Retailers Nearby and Adjacent: Walmart, Dollar Tree, CVS, Wendy’s, Bojangles, Auto Zone, Waffle House, Subway, Roses
  • Attractive Demographics with Population of ±13,652 and Annual Household Income of ±$58,808 (5-Mile)
  • Central Location 15-Min to I-77, 45-Mi to Charlotte, NC, 45-Mi to Union, SC, and 1-Hr to both Spartanburg and Columbia, SC
  • Zoned GC, General Commercial District with a Variety of Commercial Uses

Listing Contacts

PK
FL 3235872
Marcus & Millichap - Fort Lauderdale
AS
FL 3429070, GA
Marcus & Millichap - Fort Lauderdale
KH
MA License: 9537549
Marcus & Millichap - Fort Lauderdale
Listed by Marcus & Millichap - Fort Lauderdale

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Additional Information

Name
Ben Yelm
License
SC License: 303785
Brokerage
Marcus & Millichap
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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