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1307 2nd Loop Rd
Florence, SC 29505
Southwood Village Shopping Center · Retail Property For Sale
Investment Highlights
- Second Loop Road commands some of the stronger land prices in this market.
Property Facts
Property Type
Retail
Property Subtype
Building Size
45,450 SF
Building Class
C
Year Built/Renovated
1978/2016
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.21
Lot Size
5.00 AC
Zoning
B2
Parking
120 Spaces (2.64 Spaces per 1,000 SF Leased)
Frontage
231’ on 2nd Loop Rd
About 1307 2ND LOOP RD , FLORENCE, SC 29505
STRONG REAL ESTATE FUNDAMENTALS Corporately guaranteed lease by Delhaize America, Inc. with an early 10-year renewal - expires 03/31/2026 with six, 5-year renewal options Long term stabilized asset – Food Lion has been there since 1979 Value add opportunity with approximately half an acre outparcel that could be developed or ground leased (valued it at $150K) Major Corporate Guarantor: Food Lion (NYSE: DEG) Investment Grade Tenant accounts for 64% of Income Store Sales: $12.3M ($424.14 PSF) 2020 Health Ratio: 2.92% (store sales $8,638,623) Strong store sales increase year over year 29% (2019 to 2020) Most recent Landlord and Tenant Renovations completed July 2016 and 2011 100% Leased
Property Taxes
| Parcel Number | 90052-07-006 | Improvements Assessment | $69,438 |
| Land Assessment | $37,950 | Total Assessment | $107,388 |
Property Taxes
Parcel Number
90052-07-006
Land Assessment
$37,950
Improvements Assessment
$69,438
Total Assessment
$107,388
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