Abbeville Plaza
$1,175,000
300 - 302 South Main Street, Abbeville, SC 29620
6.7
Cap Rate
78,699.21
NOI
Details:
Highlights:
- Dollar General Anchor tenant. With 17,000 locations nationwide. Occupying this location for over 18 years
- Recently Renewed Multi-Tenant Investment. Dollar General, Theo's Deli & Seafood, and Local Finance & Tax Service all recently renewed, showing strong commitment to the site
- Immediate Lease-Up Opportunity: 22% of GLA Available. Unit A (4,500 SF) is the only vacancy in a Dollar General-anchored center on Main Street, a straightforward leasing play for a new owner.
- Traffic-Driving Location for Leasing. The center sits near W. Greenwood St. (11,100+ VPD) alongside KFC, Taco Bell, Subway, Hardee's, 7-Eleven and Abbeville Area Medical Center, which makes the vacancy easier to market.
- Heavy Lifting Already Done: $550,000+ in Recent Capital Improvements. The Dollar General roof has been replaced and the parking lot sealed and striped. A buyer gets the upside without the deferred maintenance that usually comes with value-add retail.
- Average Household Income Exceeds $69,000 Annually Within a 5 - Mile Radius.
Description:
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Abbeville, South Carolina, is a charming small town with a rich history and a tight-knit community. The town boasts a picturesque downtown area with many historic buildings, including the Abbeville Opera House, which is one of the oldest continuously operating community theaters in the United States.
Agriculture still plays a significant role in Abbeville's economy, with farms producing crops such as cotton, soybeans, corn, and peaches. The surrounding rural areas are fertile and conducive to farming activities. Like many small towns, Abbeville has a thriving community of small businesses, including retail stores, restaurants, and service providers. These businesses contribute to the local economy and provide essential goods and services to residents. The town is home to healthcare facilities, including hospitals and medical practices, as well as educational institutions such as schools and colleges. These institutions provide employment opportunities and essential services to the community.
Approximately 20 minutes from Abbeville, Calhoun Falls State Park is situated along the shores of Lake Russell. Visitors can enjoy fishing, boating, hiking, and camping in a picturesque natural setting. The city of Greenwood is located about 30 minutes from Abbeville and offers attractions such as the Greenwood Museum, Uptown Market, and the Emerald Farm petting zoo. Greenwood also has shopping, dining, and entertainment options.
The area promises a vibrant, high-traffic locale for prospective investors. Embrace the opportunity to become part of this community's dynamic commercial landscape and realize the potential for retail success in Abbeville.
1 Space Available
Suite A, A Street Retail
Location
