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Saluda Towne Centre 605 Travis Ave 37,450 SF 100% Leased Retail Building Saluda, SC 29138 $4,433,000 ($118.37/SF) 7.20% Cap Rate
Executive Summary
Saluda Towne Center is a two-tenant, 100% occupied Food Lion–anchored shopping center located along Highway 378 (Travis Avenue) in Saluda, SC, offering excellent visibility and access within the town’s primary commercial corridor. The ±37,450 SF center sits on 3.8 acres and is anchored by a high-performing Food Lion, which assumed operations in 2021 and has since delivered dramatic sales growth. Located just 25 miles from Newberry and 50 miles from Columbia, the property serves a loyal local customer base while benefiting from regional connectivity.
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- Offering Memorandum
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Supermarket
Building Size
37,450 SF
Building Class
B
Year Built/Renovated
1996/2023
Price
$4,433,000
Price Per SF
$118.37
Cap Rate
7.20%
NOI
$319,176
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.23
Lot Size
3.67 AC
Zoning
10
Frontage
480’ on Clemson Road
Amenities
- Pylon Sign
- Signage
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 079-00-00-050 | Improvements Assessment | $97,210 |
| Land Assessment | $5,710 | Total Assessment | $102,920 |
Property Taxes
Parcel Number
079-00-00-050
Land Assessment
$5,710
Improvements Assessment
$97,210
Total Assessment
$102,920
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Saluda Towne Centre | 605 Travis Ave
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