Close of Escrow: Saluda Towne Center in Saluda, SC

Close of Escrow: Saluda Towne Center in Saluda, SC

SIG is pleased to announce the recent Close of Escrow on Saluda Towne Center located in Saluda, South Carolina.

Investment Highlights Include:

  • NN Retail Investment with 4 Years Remaining on Lease
  • Value Add Opportunity Where Ownership Can Lease 8,450 SF of Vacant Space
  • 2016 Year End Sales were Reported at $12,376,700 Which Equates to a Healthy $426/FT
  • Three (3) x Five (5) Year Options to Extend
  • Dominate Grocery Within the Trade Area with Limited Competition
  • BI-LO Recently Exercised its First Option Showing Commitment to Site
  • Saluda Towne Centre has Operated as a Grocer for Over 20 Years
  • Surrounding Tenants: Fred’s Home Discount Store, ACE Hardware, CVS, Family Dollar, Pizza Hut and Advance Auto Parts

Closing Price: $2,075,000
Closing CAP:  9.20%

Listing Agents: Kevin Sullivan and Adam Chapman

For More Information Contact:

Kevin Sullivan
Lic #96574
843.480.0030
kevin@SIGnnn.com

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