This property has sold.

Details: Retail

Asking Price: $4,725,000

Square Feet: 63,741 SF

Asking Cap Rate: 7.65%

NOI: $361,630

SOLD – Anderson Exchange

3223 Martin Luther King Jr Blvd, Anderson, SC 29625

Marketing Description

• 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


• Ecommerce resistant tenant lineup

• New roof installed in 2020

• Parking lot lights upgraded to LED in 2019


Investment 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

This property has sold.