For Sale Commercial Real Estate Listings in Walterboro, South Carolina
FOR SALE * $10,600,000 * Shopping Center * Walterboro, South Carolina * Full Listing
This 135,516 square foot shopping center is situated on 17.36 acres and was built in 1989. The center is anchored by a new Belk Department Store, whose lease runs until 2021, Piggly Wiggly until 2010, Citi Trends until 2017 and Hibbett Sports until 2016. Checkers, a ground lease fee with a below market rent of $16,800 per year, is included in the sale. The property has excellent remaining lease term and is the strongest grocery anchored shopping center in the market. In place rents are relatively low in contrast to the tenants sales activity. The combination of excellent lease term and tenant profitability bring stability to the cash flow.
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