Walmart Shadow Center

Walmart Shadow Center

1970 Paxville Highway
Manning, SC

Price: $3,875,000
Cap: 7.25%
NOI: $280,957
Building Size: 20,021 SF
Lot Size: 2.88 AC

Investment Highlights

WALMART SUPERCENTER SHADOW CENTER
• The property is a 20,021 SF Walmart Supercenter shadow anchored retail center located in Manning, SC
• The property is 92% leased and features a complimentary mix of essential retail, service, & restaurant tenants
• The tenant lineup includes national brands such as Cato, One Main Financial, State Farm, Verizon Wireless, & Subway
• The offering features annual rent increases to hedge inflation, which is rare for a Walmart Shadow Center
• Stable Tenancy | Avg. Tenant Tenure: 14.18 Years
• Leasing Momentum |1 New Lease & 7 Renewals

STRATEGIC POSITIONING | INTERSTATE LOCATION
• The subject property is located Paxville Highway (13,600 VPD), just off the exit ramp for I-95 (29,400 VPD)
• I-95 acts as the major interstate leading to Lake Marion, making this Walmart the main stop-off point for travelers visiting the lake
• Lake Marion is South Carolina’s largest lake, centrally located within five counties of the state
• Known for big fish, abundant wildlife, and long walking trails Lake Marion is one of South Carolina’s most visited natural attractions

MANNING, SC
• Manning is centrally located in Clarendon County, SC and is the county seat
• Manning’s beauty is highlighted along the streets lined with oaks and antebellum homes
• Manning’s close proximity to Lake Marion makes it one of the state’s favorite recreational areas for all types of water activities
• Lake Marion is famous for it’s landlocked striped bass and Manning is home to the annual Striped Bass Festival

DOMINANT RETAIL LOCATION | REGIONAL TRADE AREA
• This Walmart location ranks in the top 35% of all locations in South Carolina and the U.S. (Plaer.ai)
• This shopping center sees 3.1M Annual Visits
• This is the #1 most visited shopping center in a 30-Mile Radius
• As one of the major stopping points to Lake Marion, this shopping center pulls from an incredible 55 mile trade area, seeing a high volume of visits from towns like Columbia, Florence, and Summerville

Zach Taylor
Eric Abbott
OFFERING MEMORANDUM

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