This Retail Property is Off-Market.

1765-67 South Lake Drive
Lexington, SC 29072 ·

9,081 SF · Retail For Sale

N/A

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White Knoll Station

Price N/A Cap Rate 7.85%
Gross Leasable Area 9,081 SF Occupancy 100%
Property Type Retail Tenancy Multiple
Property Sub-type Strip Center Lot Size 1.20 AC
Property Use Type Net Lease Investment with 5 years left on lease
Listing ID: 16832590 Date Created: 09/13/2010 Last Updated: 04/01/2011

Description

The buildings were completed in January of 2009 and the strip center is 100% leased with Great Clips, Carolina Wings and Wild Smiles (dentist). The freestanding building was originally built for a Dunkin Donuts franchisee who filed bankruptcy (prior to opening) and the space has been rented to American Cellular which is a Verizon Wireless Premium Retailer. All leases reflect current market rents. All leases are triple net with tenants paying for Common Area Maintenance, Taxes and Insurance with a year end reconciliation.

The property is located directly across from a new Wal-Mart/Lowes center at a signalized intersection in the growing Red Bank community in Lexington, SC. A few of the many new retailers in the area include: Wal Mart, Lowes, Murphy Oil, Zaxby' s, Advance Auto, Sonic, Walgreens, O' Reilly's, Gamestop, Alltel, Sprint, Verizon, Burger King, Popeye' s, Movie Gallery.

Research

1765-67 South Lake Drive, Lexington, SC 29072 (Lexington County)

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