Prosperity Plaza Food Lion Anchored Center South Carolina

---

Sands Investment Group is Pleased to Present Exclusively For Sale the Food Lion Anchored Center Which is Located in Prosperity, South Carolina. This Grocery Store Last Reported Extremely Strong Sales Near $400/SF in 2020. Food Lion’s Lease Has Over 4 Years Left. The Center Serves Several Smaller Communities as Well as a Large Portion of Lake Murray Which is a Popular Vacation Destination. There is Also an Opportunity For Upside With 12,800 SF of Cold Dark Shell Which Has Not Been Built Out and a 0.82 Acre Outparcel Ready For Development.

• Prosperity Plaza is a Food Lion Anchored Center With a Total of 6 Tenants and 3 Vacant Stores
• Grocery Store Tenant Since 2005 – Long History of Success and Strong Sales
• This Store is a Part of the Food Lion’s Acquisition of 62 BI-LO & Harvey Supermarket Stores That Was Just Announced on June 3rd
• Outstanding Store Sales – Last Reported Almost $400/SF in 2020
• Property Available at Well Below Replacement Cost ($47/SF)
• Only Grocery Store in Prosperity; The Only Other Nearest Grocery Store (Walmart Supercenter) is Located 6-Miles Away in Newberry
• Opportunity For Upside With 12,800 SF of Cold Dark Shell Which Has Not Been Built Out and a 0.82 Acre Outparcel Pad With Frontage On Wheeler Avenue
• Center Services Several Communities as Well as a Large Portion of Lake Murray Which is a Popular Vacation Outside of Columbia, SC

In Cooperation With: Sands Investment Group Charleston, LLC – Lic. # 20891 BoR: Chris Sands – Lic # 93103

View Similar Investment Opportunities

Read Additional Thought Leadership Content From SIG, Specializing in Absolute Triple Net Lease Opportunities

---

Sands Investment Group is Pleased to Exclusively Offer For Sale the Dollar General Center Located Directly on Wheeler Avenue in Prosperity, South Carolina.

• Dollar General Has Been Operating on This Site Since 2004 and Recently Extended Their Lease an Additional 5 Years, Showing Commitment to the Location
• Corporate Guarantee From Dollar General (NYSE: DG): BBB Credit Rating
• Minimal Landlord Responsibilities
• Dollar General Operates Over 17,266 Stores in 46 States With 2020 Reported Net Sales of $33.7 Billion (21.6% Increase From 2019)
• Three 5 Year Options to Renew With Attractive Rent Increases Every 5 Years and At Each Option
• Competitively Priced at $69/SF
• Upside Potential – Ability to Lease the 1,200 SF Space to Increase Income
• Located on C R Koon Highway Which Sees 12,900 Vehicles Per Day
• Situated 5.5-Miles From Interstate I-26 Which Sees Over 44,900 VPD
• Less Than 10-Miles From Lake Murray Which is a Vacation and Retreat Destination
• Nearby Tenants Include: Food Lion, BP Gas Station, CITGO, First Citizens Bank, Kiswire and More

Read Additional Thought Leadership Content From SIG, Specializing in Absolute Triple Net Lease Opportunities

 

• Corporate Guaranty from Investment Grade Tenant
• NNN Lease – Minimal Landlord Responsibilities
• Three (3) – Five (5) Year Options
• 15% Increase at Each Option
• Ideal Exchange Property
• Long History of Success at Location
• Low Price Point – $63.61/PSF
• S&P Rated BBB-

 

• Net Lease Value Add Grocery Anchor Center Renovated In 2009
• Rare Opportunity to Acquire a Successful Grocery Store Below Replacement Cost
• BI-LO Anchor Tenant (#33) Forbes Largest Private Companies with 9 Years Remaining
• BI-LO had $7,000,000 in Sales 2014, Equating To $350/SF
• Value Add Component where Ownership Can Lease 14,900 SF of Vacant Space
• Buyer Has the Opportunity to Develop an Out-parcel Pad with Frontage on Wheeler Avenue
• Out-Parcel Price $150,000
• Out-Parcel 0.8177 AC and Limited QSR Concepts Serving Immediate Area