Food Lion Center

Food Lion Center

205 Radford Blvd. Dillon
Dillon, SC

Price: $3,293,000
Cap: 7.00%
NOI: $230,475
Building Size: 41,560 SF
Lot Size: 4.2 AC

Investment Highlights

GROCERY ANCHORED CENTER
• The subject property is a 100% leased 41,560 SF Food Lion Anchored retail center in Dillon, SC
• Food Lion has been at this location for over 35 Years, originally occupying the space in 1986
• This Food Lion ranks in the top 96% in the state of South Carolina and in the top 94% nationally in terms of foot traffic when compared to all Food Lions (Placer.ai).
• High Performing Food Lion | Base Rent to Sale Ratio of 1.57% | Sales of $289/SF | Sales increased by 42% in 2020
• Upside Opportunity with Below Market Rents | The property has an average rent of $9/SF
• The property has a strong tenant history with an average occupancy of 20.62 Years
• Brand new roof in 2021 with a Brand-New Parking Lot expected to deliver by October 2021

STRATEGIC LOCATION
• The property is located off exit 193 on I-95 (35,700 VPD) and on Radford Blvd (12,500 VPD)
• Limited competition | Only 1 other National Grocer in a 5-mile radius
• Food Lion recently affirmed its long-term strategy and success at this location by executing a brand new 10-Year extension
• The property has strong fundamentals with great visibility and multiple points for Ingress/Egress

DILLON, SC
• The City of Dillon’s WELLNESS CENTER is a $4.1 million dollar, 40,000 sq foot indoor sport and fitness complex. Opening in 2008, the Wellness Center has been used for receptions, banquets, corporate
meetings, tournaments, and Summer Camp for youth. The facility features a state-of-the-art Fitness Center, a walking tract, multipurpose meeting rooms with catering kitchen, a smaller conference room and gymnasium.
• Dillon County is home to one of the most famous traveler stops on I-95. South of the Border, the unique Mexican-motif mini-resort marked by its sombrero shaped water tower. But for thousands, Dillon means “marriage” as the well-known Dillon Marriage Chapel performs over 7,000 a year.
• Dillon also has preserved its past with several museums and structures listed on the National Register of Historic Places. And, it is the home of the 835-acre Little Pee Dee State Park, ideal for hiking, camping, picnicking, and fishing. The county is known for its fine golf courses and hunting opportunities as well.

Zach Taylor
Eric Abbott
OFFERING MEMORANDUM

Email not recognized.
In lieu of a confidentiality agreement, we request that you complete the following form in order to download an Offering Memorandum or try again.







Principal or Broker?