Camden Square

Camden Square

1023 Wylie St
Camden (Columbia MSA), SC

Price: $6,685,000
Cap: 7.00%
NOI: $486,850
Building Size: 71,120 SF
Lot Size: 6.85 AC

Investment Highlights

CAMDEN SQUARE
• Camden Square is a 71,120 SF retail offering in the Columbia, SC MSA
• The center completed an entire renovation in 2021 and features all new tenants
• 35% of the center is anchored by Ollie’s Bargain Outlet & Corporate Planet Fitness
• Camden Square offers an investor the rare opportunity to acquire a Class-A regional shopping center with national credit tenants on long term leases in a growing South Carolina market

NEW RENOVATIONS
• Camden Square is a retrofit of a former BI-LO anchored shopping center originally built in 1981
• The shell structure was stripped down to walls & Ollie’s Roof and was built from there.
• The renovation features a brand-new façade, HVAC, Parking Lot, & Roof (BI-LO roof is original, good condition)
• In addition to this, the property features an entirely new electrical system, utilities, water lines, fire lines, and sewer lateral
• A total of 3.6M was spent in renovating the center, making it virtually new construction

NEW TENANTS | LONG-TERM LEASES
• Camden Square has a new lineup of tenants and is anchored by Ollies Bargain Outlet, who is on a fresh 5-year lease
• Ollies Bargain Outlet, one of America’s largest retailers of closeout merchandise and excess inventory stores operating since 1982, is a corporately guaranteed lease that is backed by 407 locations
• In 2022, this Ollie’s location has ranked 15/391 of registered Ollie’s locations in Placer.ai (Top 4% of all locations)
• Camden Square’s second anchor is a new Planet Fitness, who is on a new 10-Year lease
• Planet Fitness is guaranteed by Furlong Fitness, a 10 Unit Operator
• Weighted Average Lease Term of Camden Square | 6.25 Years

STRATEGIC RETAIL LOCATION | STRONG FUNDAMENTALS
• Well-located at signaled intersection in the heart of Camden (30,600 VPD).
• Excellent Frontage, visibility, and ease of access into the shopping center
• Limited Retail Competition
• This center ranks as one of the most visited shopping centers in the market

CAMDEN, SC | COLUMBIA MSA
• Camden is the largest city and country seat of Kershaw County and is the oldest inland city in South Carolina
• Camden is home to the Carolina Cup, an annual steeplechase horse race that has an annual at tendance of 71,000+
• Camden is located 35 Miles Northeast of Columbia, SC and is part of the Columbia MSA.
• Columbia is the capital and largest city in the state of South Carolina with a population of over 800,000.
• Columbia’s airport serves 1.5 million passengers a year with flights to all major East Coast Markets.
• 14 Fortune 500 Companies contribute to Columbia’s $31.97 Billion GDP.
• Columbia is home to the University of South Carolina with a 30,000 student enrollment.
• Columbia is home to Fort Jackson, the largest and most a tive initial entry training center in the U.S. Army which trains 60,000 soldiers annually.

Zach Taylor
Eric Abbott
OFFERING MEMORANDUM

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