Stabilized Value-Add Opportunity
Asking Price of ~$77/SF is well below replacement cost
Average Base Rents of $6.41/SF are well below market
Two outparcels are included with ample parking providing additional upside
WALT of ~5.89 years remaining with minimal landlord responsibilities
~$2,000,000 Total Capital and TI Investment in the past 24 months
In 2024 the seller installed a new TPO Membrane roof over the Big Air unit (45% of center) and all new HVAC units (9)
New façade improvement to Big Air unit
New 10 year Big Air Trampoline Park lease for 45% of the center demonstrates Big Air’s long term commitment to the center and market
No competition in the trade area
Large pylon sign offering maximum visibility for all tenants
Tenant mix provides a safe diversification play
Neighboring ~300 acres under development to consist of ~648 single family homes
From 2021-2023, Laurens County has benefited from a creation of ~2,000 new jobs with company investment exceeding $500 million.
Located only ~12 miles from I-385/I-26 (interstate connecting Greenville, SC to both Columbia and Charleston, SC) offering easy access from surrounding cities to the Property.
The “Upstate” of South Carolina is one of America’s hottest emerging destinations and fastest growing MSA’s. Centered along the intersection of two major interstates (I-26 & I-85), the area has become host to more than 110 international firms, including BMW, Michelin, GE, Lockheed Martin Aircraft, and many more. Greenville’s revitalized downtown is ranked among “America’s Ten Best” and Spartanburg is the home of more per capita international investment than anywhere else in the country.
South Carolina is a popular market for real estate investors looking to profit from the State’s rapid appreciation rates and strong economy due to the low cost of living, business friendly environment, right-to-work policies, abundant workforce, and overall high quality of life.