This property is Off-Market

630 Chesnee Highway
Spartanburg, SC 29303 ·

60,030 SF · Retail For Sale

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Beaumont Plaza

Price N/A Cap Rate 10%
Gross Leasable Area 60,030 SF Occupancy 84%
Property Type Retail No. Stories 1
Property Sub-type Neighborhood Center Tenancy Multiple
Property Use Type Investment Year Built 1991
Commission Split 2% Lot Size 8.68 SF
Listing ID: 15944321 Date Created: 10/15/2008 Last Updated: 03/18/2009

Description

CB Richard Ellis' Retail Investment Group, as the exclusive agent for the sale of Beaumont Plaza, is pleased to submit this value-add shopping center investment opportunity for your consideration. Beaumont Plaza is a 60,030 square foot neighborhood shopping center anchored by a 33,000 square foot Food$mart grocery owned by Bi-Lo and a 6,600 square foot Family Dollar.

Beaumont Plaza is located on the north side of Spartanburg at the intersection of US Hwy 221 (Chesnee Hwy.) and Beaumont Avenue. Hwy 221 is a primary commuting route linking I-85 to downtown Spartanburg. Beaumont Avenue is a convenient route to access the medical related businesses associated with Spartanburg Regional Medical Center as well as Converse College and East Main Street. Beaumont Plaza is located on the going home side of Hwy 221 and is a convenient alternative for customers in the immediate area as well as those living further north toward I-85.

Highlights

  • High traffic volume 23,000 Cars/Day
  • Excellent upside potential through leasing existing vacancy
  • Free standing building currently leased to Duke Power (dark) can be reconfigured into small shop space
  • 1/2 acre site adjacent to Advance America can be utilized for future development or sale.

Research

630 Chesnee Highway, Spartanburg, SC 29303 (Spartanburg County)

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