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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 $3,510,739 CAD ($121.00 CAD/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
$3,510,739 CAD
Price Per SF
$121.00 CAD
Cap Rate
9%
NOI
$315,965 CAD
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 | $198,118 CAD |
| Land Assessment | $44,357 CAD | Total Assessment | $242,475 CAD |
PROPERTY TAXES
Parcel Number
118-14-05-003
Land Assessment
$44,357 CAD
Improvements Assessment
$198,118 CAD
Total Assessment
$242,475 CAD
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St. Matthews Shopping Center | 611-621 Harry C Raysor Dr
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