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Details: Retail
Square Feet: 99,384 SF
Year Built: 1980
NOI: $1,226,000
7467 St Andrews Rd, Irmo, SC 29063
• Strong and stable anchor in Kroger
• Largest pure play Grocer in U.S.
• Over 40 years of operating history at Irmo Station
• Recent exercise of option by Kroger
• Strong sales at over $49mm ($850+ PSF)
• Strong traffic rankings per placer.ai
• Top 3% of grocers in SC
• 2nd most trafficked Kroger in the market
• Orange Theory Fitness is a strong traffic driver for neighboring tenants
• Significant opportunity for immediate upside through lease-up of 2 vacant units
• Below market rents on small shops allowing for near-term NOI growth opportunities
• A rare combination of a grocery anchored asset with stability and value add potential
• Located in SC, one of the fastest-growing states in the U.S.
• Best located grocer in the market with greatest ease of ingress and egress
• Closet grocer for high income residents and retirees at Lake Murray
• Immediately adjacent to Irmo Elementary with over 500 students and a captive audience of family shoppers
• High barriers to entry due to lack of suitable sites
• Located within Lexington County, the highest income suburb of the Columbia market
• Well established center within the market
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