DEALS

Deals

Anderson Exchange – Anderson, SC

THE OPPORTUNITY

  • Fully stabilized asset
  • KED Plasma has 10+ years of term remaining
  • Roses paying below avg rent at $4.12psf
  • Planet Fitness operator is one of the largest in the country with >70 locations
  • Ecommerce resistant tenant lineup
  • New roof installed in 2020
  • Parking lot lights upgraded to LED in 2019

THE HIGHLIGHTS

  • Anderson is in the upstate region with excellent accessibility along I-85, one of the heaviest traveled highways in the southeast
  • AVG weighted term of 7 years
  • Roses is an industry leader in the discount variety retail space
  • Located across from the Anderson Mall
  • Traffic counts in excess of 30,000 ADT on N Main St and 12,000 ADT on Martin Luther King Jr Blvd
  • Extremely well-maintained shopping center

THE DEAL POINTS

  • Square Feet: 63,741 SF
  • Asking Cap Rate: 7.65%
  • Asking Price: $4,725,000
  • Year Built/Renovated: 1984/2015
  • NOI: $361.360
  • Occupancy: 100%

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