Walmart Shadow Center

Walmart Shadow Center

141 E Church St
Batesburg-Leesville, SC

Price: $6,620,000
Cap: 7.25%
NOI: $479,841
Building Size: 38,080 SF
Lot Size: 5.81 AC

Investment Highlights

WALMART SUPERCENTER SHADOW CENTER
• The property is a 38,080 SF Walmart Supercenter shadow anchored retail center located in the Columbia MSA
• This center has a strong history of tenant performance and is fully stabilized at 100%
• The center includes a complementary mix of e-commerce resistant tenants with uses such as medical, service, restaurant, liquor store, & more
• National Brands include Dollar Tree, CATO, Hibbett Sports, World Finance, OneMain Financial, H&R Block, Great Clips, & Regional Finance
• The center is shadow anchored by a high-performing Walmart since 2002 | Walmart owns the Walmart

HISTORY OF STRONG PERFORMANCE
• 71% of the GLA is original tenants that have been in occupancy since 2007
• Average Tenant Tenure | 12.40 Years
• Leasing Momentum | Each tenant has executed at least 1 option to extend its lease since 2019

LIMITED COMPETITION | DOMINANT RETAIL LOCATION
• This shopping center sees 1.7M Annual Visits
• Being the only anchored shopping center in town, this center has virtually no competition and is the #1 visited retail center in a 15-mile radius
• Center pulls from a 30-Mile Trade Area

BATESBURG-LEESVILLE, SC | COLUMBIA MSA
• Batesburg-Leesville is a town in Lexington and Saluda counties & is 36 miles west of Columbia, SC
• The town's economic base is on poultry harvesting driven by two large processing plants: Amick Farms and Columbia Farms. These assist in making Lexington County the top poultry producer in the state.
• The South Carolina Poultry Festival (formerly the Ridge Poultry Festival) has been held on the second Saturday in May since 1987. The festival features live music, food vendors, craft vendors, a carnival, a parade, and to conclude the event a cake auction and fireworks show
• 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 active 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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