This property has sold.
Details: Retail
Asking Price: $2,000,000
Square Feet: 29,015 SF
Asking Cap Rate: 9.25%
Year Built: 2001
NOI: $185,000
615 Harry C Raysor Drive, St Matthews, SC 29135
THE OPPORTUNITY
St. Matthews Shopping Center is a 29,015 SF multi-tenant shopping center located on Hwy 601, the most heavily traveled road in St. Matthews. The Piggly Wiggly anchored center is the only grocery store in Calhoun County that offers fresh produce and a full deli section. At 87% occupancy, there is upside through lease up. There is stability among the existing tenants with Piggly Wiggly having 9 years of term remaining and recent renewals by World Finance and Security Finance.
THE HIGHLIGHTS
This property has sold.