Walmart Shadow Center

Walmart Shadow Center

1040 Chesterfield Hwy
Cheraw, SC

Price: $5,765,000
Cap: 8.00%
NOI: $461,038
Building Size: 39,918 SF
Lot Size: 4.76 AC

Investment Highlights

WALMART SUPERCENTER SHADOW CENTER
• The property is a 39,918 SF Walmart Supercenter shadow-anchored retail center located in Cheraw, SC
• This center has a strong history of tenant performance and offers upside at 88% occupancy.
• The center includes a complementary mix of e-commerce resistant tenants with uses such as service, restaurant, liquor store, & more
• National Brands include Dollar Tree, CATO, Shoe Show, Advance America, HWY 55 Burger, 1st Franklin Financial, Cricket Wireless, & T-Mobile
• The center is shadow anchored by a high-performing Walmart since 2007 | Walmart owns the Walmart

HISTORY OF STRONG PERFORMANCE
• Average Tenant Tenure | 12.40 Years
• 8 tenants have exercised options to renew since 2019
• 3 New Leases have been executed since 2020

LIMITED COMPETITION | DOMINANT RETAIL LOCATION
• This shopping center sees 2.2M Annual Visits
• #1 visited retail center in Cheraw
• Center pulls from a 20-Mile Trade Area

CHERAW, SC
• Cheraw is a city on the Pee Dee River in Chesterfield County, South Carolina
• Located 70 miles southeast of Charlotte and 9 miles northeast of Columbia
• Nicknamed "The Prettiest Town in Dixie", Cheraw is known for its deeprooted history and southern charm
• Established in 1750, Cheraw was one of the first discovered and settled area of South Carolina and played major roles for South Carolina in the American Revolution & Civil War
• Cheraw was the first municipality to use the Civilian Conservation Corps in South Carolina to build a state park, now home to Cheraw State Park and Sandhills State Forest

Zach Taylor
Eric Abbott
OFFERING MEMORANDUM

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