DEALS

st. matthews

Deals

St. Matthews Shopping Center – St. Matthews, SC

THE OPPORTUNITY

St. Matthews Shopping Center is a 29,015 SF multi-tenant shopping center located on Hwy 601, the most heavily traveled road in St. Matthews.  The Piggly Wiggly anchored center is the only grocery store in Calhoun County that offers fresh produce and a full deli section.  At 87% occupancy, there is upside through lease up.  There is stability among the existing tenants with Piggly Wiggly having 9 years of term remaining and recent renewals by World Finance and Security Finance.

THE DEAL POINTS

  • Square Feet: 29,015
  • Year Built: 2001
  • Occupancy: 87%
  • NOI: $185,000
  • Asking Price: $2,000,000
  • Cap Rate: 9.25%

THE HIGHLIGHTS

  • St. Matthews Shopping Center is Calhoun County’s leading retail center with the region’s foremost mix of regional and local retailers
  • The region’s only grocery anchored shopping center
  • Only grocery store in a 25 minute drive radius
  • 9 years remaining on Piggly Wiggly’s initial 10 year term
  • Only grocery operator offering fresh produce and full deli sections in the trade area
  • Center is adjacent to freestanding Family Dollar providing the most extensive retail synergy within the trade area

St. Matthews Shopping Center Virtual Deal Room