629-651 Highway 28 Byp
Anderson, SC 29624
Walmart Shadow Center · Retail Property For Sale

VALUE-ADD WALMART SHADOW CENTER | GREENVILLE, SC MSA
• 40,000 SF Walmart Shadow Center in a stable SC market, just located outside of Clemson and a part of the Greenville MSA
• This Walmart shopping center, is the primary retail destination for South Anderson with virtually no surrounding retail competition
• The center features multiple national credit tenants (61% credit tenancy) and long-term proven operators (avg. tenant tenure of 10.5 yrs)
• A mix of credit and service-oriented shops that have exceptional foot traffic data
• Strong leasing momentum with 4 new leases signed
• Ranked the #2 visited shopping center in a 15-mile radius
LONG-TERM PROVEN OPERATORS | LEASING MOMENTUM IN SUPPLY CONSTRAINED CORRIDOR
• Featuring national tenants like Dollar Tree, CenterWell (new lease), and Petsense (Tractor Supply guaranteed)
• 61% credit tenancy with multiple tenants operating 10-20+ yrs – the center has an average tenant tenure of 10.5 years
• Strong leasing momentum with four new leases (CenterWell 10-Year lease, Cricket 3-Year lease, PetSense 10-Year Lease, Kinsmith Finance 5-Year lease). Three remaining vacancies create the opportunity for additional lease-up and income growth
• One of the only grocery-anchored centers serving south Anderson. The limited competing shop space drives leasing demand, reduces downtime risk during lease-up, and increases the center’s competitive positioning
• Excellent Placer.ai rankings for multiple tenants in the center:
- Dollar Tree: Top 2% statewide | Top 6% nationwide
- Cricket: Top19% statewide | Top 17% nationwide
- Petsense: Top 38% statewide
- Great Clips Top 37% nationwide
18% IN-PLACE VACANCY | DOUBLE-DIGIT PROFORMA CAP RATE UPSIDE
• Average rent of the last 4 leases completed at the center: $19 PSF
• If the buyer leases vacancies at $16-$18 PSF, it will yield a proforma cap rate of 10%+
• The second most visited shopping center in a 15-mile radius
SOUTH ANDERSON RETAIL CORRIDOR HWY 28 BYPASS POSITIONING
• Located at a signalized intersection with direct frontage on Hwy 28 Bypass (28,000 VPD) – primary commercial artery serving Anderson County and connecting to the I-85 corridor
• South Anderson’s dominant retail corridor
• Walmart shadow positioning drives consistent daily traffic and reinforces the center as a need-based retail destination
REGIONAL ECONOMIC HUB | LONG-TERM GROWTH
• Anderson County is a key employment and retail hub in the Greenville MSA. The County’s business landscape comprises over 230 manufacturing companies, 1,050+ retail businesses, 1,200+ professional service companies, and 545 hospitality-based organizations.
• Key traffic drivers include AnMed Health (3,000–3,500 employees), Michelin (1,500-2,000 employees), Bosch Rexroth, Electrolux, Duke Energy, plus a strong manufacturing/logistics base and commuter traffic to Greenville
• Recent developments include approval of construction for a 1000-home development on Hampton Rd & Approval for Duke Energy’s new Natural Gas plant, with construction set for 2027
• Close proximity to Clemson University provides consistent visitor and student traffic to the Anderson area