364 Longs Pond RdLexington, SC 29073
12,000 SF Shopping Center, 4.88% Cap Rate
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 114
Highlights
- 12,000 SF Class A shopping center in Lexington, SC with 100% occupancy and five diverse tenants.
- NNN leases with rent bumps, generating a current NOI of $136,513 (4.88% cap rate) and projected NOI of $168,000 (6.00% cap rate).
- Located on a 1.63-acre lot with 60 parking spaces at 364 Longs Pond Rd, Lexington, SC 29073, near I-20 exit 51.
- Asking price: $2,800,000 ($233.33/SF).
- Built in 2010, single-story building with an end-cap drive-through; awning replacement scheduled Q4.
- 1031 exchange opportunity; strong cash flow and upside potential in a high-growth area with strong demographics.
Property Details for 364 Longs Pond Rd
- Property type
- Lifestyle centers, Power centers
- Square Feet
- 12,000 SF
- Class
- A
- Year Built
- 2010
- Buildings
- 1
- Stories
- 1
- Lot Size (sq. ft)
- 71,003 SF
- Units
- 5
Location Insight
- City
- Lexington
- County
- Lexington
- State
- South Carolina
- Latitude
- 33.920628600391
- Longitude
- -81.290284628285
Nearby Similar for Sale
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