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