For Sale
$995,000

1013 Dekalb StCamden, SC 29020

High-yield retail portfolio, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a three-building, multi-tenant retail portfolio totaling 19,705 square feet situated on a 1.53-acre lot in Camden, South Carolina. The property boasts 100% occupancy with a prominent Sherwin-Williams as an anchor tenant, along with two additional tenants. The property features 34 parking spaces and benefits from approximately 146 feet of frontage along Jefferson Davis Hwy/Rt 1, a major retail corridor with 19,000 vehicles passing daily. The portfolio is currently generating a strong NOI of $70,828, representing a 7.15% cap rate at an asking price of $995,000 ($50/sq ft). The property is classified as Core+ with a modified lease structure. Significant rent growth potential exists due to 74% of the gross leasable area being on month-to-month leases with an average rental rate of $2.37 per square foot. The location shows strong population growth, with a 2.49% annual increase within a 1-mile radius since 2020, projected to rise another 8.85% by 2029. This presents a compelling investment opportunity with immediate cash flow and substantial upside potential. The property consists of three single-story buildings with four units in total. Rent bumps are included in the lease agreements.

Highlights

  • 146 feet of frontage on Jefferson Davis Hwy/Rt 1, a major Camden retail corridor with 19,000 VPD.
  • Strong population growth: 2.49% annual increase within a 1-mile radius since 2020, projected 8.85% increase by 2029.
  • Significant rent growth potential: 74% of GLA is on month-to-month leases at $2.37/SF, offering immediate upside.

Property Details for 1013 Dekalb St

Property type
Lifestyle centers, Power centers
Square Feet
19,705 SF
Buildings
3
Stories
1
Lot Size (sq. ft)
66,647 SF
Units
4

Location Insight

City
Camden
County
Kershaw
State
South Carolina
Latitude
34.245928332425
Longitude
-80.617818097661
1013 Dekalb St, Camden, South Carolina

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1013 Dekalb St
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