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.