1620 Highmarket St Georgetown, SC 29440
High-yield grocery portfolio, 87% occupied
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 135
Highlights
- Piggly Wiggly-anchored center with over 21 years of remaining lease term.
- 7,540 SF vacancy allows for significant NOI growth (nearly 50%) via one lease.
- High visibility location on Hwy 521, exceeding 19,500 VPD, serving beach tourists; Georgetown County tourism exceeds $380M annually.
- Experienced, local grocery operator (Lowcountry Grocers) with 14 other stores.
- Near-term NOI growth opportunity with two leases expiring in 2026 and 2027 (1,900 SF available).
- Limited grocery competition; only grocery option within a 5-mile radius.
Property Details for 1620 Highmarket St
- Property type
- Retail properties, Grocery and convenience stores
- Square Feet
- 132,986 SF
- Lot Size (sq. ft)
- 703,930 SF
Location Insight
- City
- Georgetown
- County
- Georgetown
- State
- South Carolina
- Latitude
- 33.3762535
- Longitude
- -79.2911379
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - High-yield grocery portfolio, 87% occupied
- Where is the retail property located?
- The property is located at 1620 Highmarket St Georgetown, SC.
- What are key features of this property?
- This property features: Piggly Wiggly-anchored center with over 21 years of remaining lease term.; 7,540 SF vacancy allows for significant NOI growth (nearly 50%) via one lease.; High visibility location on Hwy 521, exceeding 19,500 VPD, serving beach tourists; Georgetown County tourism exceeds $380M annually.
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