DEALS

Deals

Commons at Magnolia – Florence, SC

THE OPPORTUNITY

  • The Center has benefited from strong tenant retention
  • Gross Leasable Area: 96,491 SF
  • Large tract of land at 11.67 acres
  • The Bed Bath & Beyond is the second busiest in the state of South Carolina

THE DEAL POINTS

  • Square Feet: 96,491 SF
  • Occupancy: 94%
  • Asking Price: $10,590,000
  • Asking Cap Rate: 9.75%
  • Price PSF: $109.75/SF

THE HIGHLIGHTS

  • Property is a Target shadow center located on the primary retail corridor within the Florence market
  • Unrivaled location at the intersection of I-95 and I-20
  • Strong traffic counts with 17,000 VPD on David H McLeod Blvd, 50,454 on I-95, and 30,495 on I-20
  • Great synergy within the site with Magnolia Mall, Target, several hotels, and multiple restaurants.
  • Over 1.1 million visits to the center per year from almost 400 thousand customers
  • The Bed Bath & Beyond is the 2nd busiest Bed Bath & Beyond in the state of South Carolina

Commons at Magnolia Virtual Deal Room