Walmart Shadow Center

Walmart Shadow Center

1150 S 4th St.
Hartsville, SC

Price: $9,080,000
Cap: 7.25%
NOI: $657,986
Building Size: 68,645 SF
Lot Size: 12.38 AC

Investment Highlights

WALMART SUPERCENTER SHADOW CENTER
• The subject property is a 68,645 SF Walmart Supercenter shadow anchored retail center located in Hartsville, SC.
• The property offers a stabilized investment at 94% occupancy and includes strong national brands such as Dollar Tree, It’s Fashion Metro, CATO, Shoe Show, Verizon, Hibbett Sports, Sally Beauty, and more
• Average Tenant Tenure | 14+ Years
• Leasing Momentum | One (1) new lease & Nine (9) lease renewals in the last 18 months (59% of GLA)

DOMINANT LOCATION | REGIONAL TRADE AREA
• The center is shadow anchored by a strong-performing Walmart Supercenter that has been there for 20 Years (Walmart owns the Real Estate)
• This Walmart draws from a 30+ mile trade area
• 16 Miles from the next closest Walmart

TRADE AREA DEMOGRAP HICS (PLACER.AI)
• Population: 50,149
• Average Household Income: $66,029

STABLE TENANCY | LEASING MOMENTUM
• 66% of the center is comprised of National Brands
• It’s Fashion Metro (18.25% of GLA) has been in the center since 2010 and has renewed 3 times, most recently in 2021
• Pet Lover's Warehouse (8.74% of GLA) has been in this center since 2016 and has renewed 3 times, most recently in 2021
• Shoe Show (7.28% of GLA) has been in this center since 2001 and has renewed 4 times, most recently in 2021
• CATO (6.76% of GLA) has been in this center since 2000 and has renewed 5 times, most recently in 2021
• Hibbett Sports (6.56% of GLA) has been in this center since 2000 and has renewed 7 times, most recently in 2020
• Other Tenants who have recently renewed include Verizon, Sally Beauty, Little Caesar's, Verizon, & Acai Express (New Lease)
• 59% of the center has executed a new lease or a renewal in the last 18 months, resulting in a weighted average lease term of over 4 years

HARTSVILLE, SC
• Hartsville is the largest city in Darlington County, South Carolina and is a city rooted in prestigious history
• Hartsville was chosen as an All-America City in 1996 and again in 2016. Hartsville has also been a National Arbor Day Foundation Tree City since 1986.
• As one of the smallest cities in America to be the headquarters of a Fortune 500 company, Hartsville is home to several major corporations including Sonoco Products Company, Duke Energy's H. B. Robinson Nuclear Generating Station, Novolex, and Stingray Boats.
• The city is home to Coker University, a private university that was founded in 1908 and is accredited by the Southern Association of Colleges and Schools. Coker's sports teams, nicknamed the Cobras, compete in NCAA Division II.

Zach Taylor
Eric Abbott
OFFERING MEMORANDUM

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