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Details: Retail

Asking Price: $2,515,000

Square Feet: 29,015 SF

Asking Cap Rate: 9.00%

Year Built: 2001

NOI: $226,349

St. Matthews Shopping Center

615 Harry C Raysor Drive, St Matthews, SC 29135

  • The Premier Retail Asset of St. Matthews, SC
  • The only grocery store in a 25-minute drive radius
  • Only grocery operator offering fresh produce and full deli sections within the trade area
  • Located on Hwy 601 which connects St. Matthews to I-26
  • The most heavily traveled road in the market
  • Anchored by Piggly Wiggly grocery store with potential term through 2039
  • 96% occupied
  • Upside
  • One small shop vacancy
  • No tenants have more than 4 years left in their base term
  • Minimal slippage
  • All in-place tenants fully reimburse
  • Priced below replacement costs, $87psf

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