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St. Matthews Shopping Center 611-621 Harry C Raysor Dr 29,015 SF 96% Leased Retail Building Saint Matthews, SC 29135 $2,515,000 ($86.68/SF) 9% Cap Rate
Investment Highlights
- The Premier Retail Asset of St. Matthews, SC
- Only grocery operator offering fresh produce and full deli sections within the trade area
- The only grocery store in a 25-minute drive radius
Executive Summary
The Premier Retail Asset of St. Matthews, SC
The only grocery store in a 25-minute drive radius
Only grocery operator offering fresh produce and full deli sections within the trade area
Located on Hwy 601 which connects St. Matthews to I-26
The most heavily traveled road in the market
Anchored by Piggly Wiggly grocery store with potential term through 2039
96% occupied
Upside
One small shop vacancy
No tenants have more than 4 years left in their base term
Minimal slippage
All in-place tenants fully reimburse
Priced below replacement costs, $87psf
The only grocery store in a 25-minute drive radius
Only grocery operator offering fresh produce and full deli sections within the trade area
Located on Hwy 601 which connects St. Matthews to I-26
The most heavily traveled road in the market
Anchored by Piggly Wiggly grocery store with potential term through 2039
96% occupied
Upside
One small shop vacancy
No tenants have more than 4 years left in their base term
Minimal slippage
All in-place tenants fully reimburse
Priced below replacement costs, $87psf
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
29,015 SF
Building Class
C
Year Built
2001
Price
$2,515,000
Price Per SF
$86.68
Cap Rate
9%
NOI
$226,349
Percent Leased
96%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.19
Lot Size
3.52 AC
Opportunity Zone
Yes
Zoning
C1 - Commercial
Parking
112 Spaces (3.86 Spaces per 1,000 SF Leased)
Frontage
283’ on Harry C Raysor Dr
Amenities
- Pylon Sign
- Drive Thru
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 1st Floor
- 1,207 SF
- Retail
- -
- Now
| Space | Size | Space Use | Position | Available |
| 1st Floor | 1,207 SF | Retail | - | Now |
1st Floor
| Size |
| 1,207 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
Nearby Major Retailers
Property Taxes
| Parcel Number | 118-14-05-003 | Improvements Assessment | $140,560 |
| Land Assessment | $31,470 | Total Assessment | $172,030 |
Property Taxes
Parcel Number
118-14-05-003
Land Assessment
$31,470
Improvements Assessment
$140,560
Total Assessment
$172,030
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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St. Matthews Shopping Center | 611-621 Harry C Raysor Dr
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