For Sale
$1,150,000

1475 Pearman Dairy RdAnderson, SC 29625

High-yield retail center, Anderson, SC

Overview

Added:
Dec 11, 2024
Days on market:
113
This fully occupied, 9,600 square foot retail shopping center in Anderson, South Carolina, presents a compelling investment opportunity. Priced at $1,150,000, it boasts a strong 7.29% cap rate and a substantial net operating income of $87,508.95. The property comprises three units on a 2.65-acre lot, offering ample parking. Tenants include La Fogata Restaurant (leased until 10/31/2027), Razor's Edge Barber (leased until 2/28/2027), and The Social Trap (leased until 2/28/2025), ensuring consistent cash flow. Its strategic location less than five minutes from Interstate 85 and approximately 3.8 miles from downtown Anderson provides excellent visibility and accessibility. The surrounding area features a robust demographic profile, with a 5-mile radius encompassing a population of 68,150, 27,677 households, and an average household income of $68,818. High traffic counts of 23,200 vehicles per day further enhance the property's appeal. This retail center offers a blend of strong tenant occupancy, favorable location, and impressive financial performance, making it an ideal addition to any investment portfolio.

Highlights

  • $1,150,000 Sale Price
  • 7.29% Cap Rate
  • 9,600 SF Retail Strip Center with 3 Units
  • 2.65-Acre Lot
  • Fully Occupied with strong tenant mix: La Fogata (leased to 10/31/2027), Razor's Edge (leased to 2/28/2027), and The Social Trap (leased to 2/28/2025)
  • 3.8 Miles to Downtown Anderson & 4.2 Miles to I-85

Property Details for 1475 Pearman Dairy Rd

Property type
Lifestyle centers, Power centers
Square Feet
9,600 SF
Lot Size (sq. ft)
115,434 SF
Units
3

Location Insight

City
Anderson
County
Anderson
State
South Carolina
Latitude
34.5294831
Longitude
-82.6981216
1475 Pearman Dairy Rd, Anderson, South Carolina

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1475 Pearman Dairy Rd
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