This property has sold.

Details: Retail

Asking Price: $4,667,000

Square Feet: 39,218 SF

Asking Cap Rate: 8.00%

Year Built: 2000

NOI: $373,354

SOLD – Lake Murray Center

760 U.S. 378, Lexington, SC 29072

  • A Premier Retail Asset in Lexington, SC’s Explosive Growth Corridor
  • Brand new Planet Fitness lease with 10-year term
  • 100% occupied
  • Upside with potential development of 10,000sf of additional small shop space
  • Planet Fitness franchisee operates 9 locations
  • Booming population growth with 9% projected growth in trade area over the next 5 years
  • Strong incomes of $110,000 within 3 miles
  • Minimal slippage as all tenants fully reimburse
  • Small shop rents are 30% below market of neighboring centers
  • Only fitness anchored center within the trade area
  • Located in strong retail corridor with Publix and Lowe’s Foods anchored centers nearby as well as a new Target development opening in 2026
  • Surrounded by traffic drivers:
  • Lexington High School: 2,410 students
  • Lake Murray Elementary: 901 students

This property has sold.