DEALS

Deals

Kalmia Plaza – Aiken, SC

INVESTMENT DETAILS:

  • Address: 1520 Richland Ave, Aiken, SC
  • Year Built: 1968
  • Year Renovated: 2010
  • NOI: $683,500
  • Price: Market to Determine
  • Occupancy: 69.6%
  • Square Feet: 213,662
  • Site Size: 20.63 acres
  • Tenants: Food Lion, Ollie’s, Hibbett Sports, Rose’s, Workout Anytime, Citi Trends, Waffle House
  • Debt: Free and Clear

PROPERTY HIGHLIGHTS:

  • Food Lion has experienced almost $2,000,000 in annual sales growth since 2010
  • Positive leasing trend among nationals with Ollie’s, Hibbett Sports, and Workout Anytime added as tenants since 2014
  • Built in Rental increases allow for substantial organic growth
  • 60% of income made up of Anchor Tenants
  • 85.5% of income made up of National Tenants

 

Kalmia Plaza Video