205 Radford BlvdDillon, SC 29536

Property Details for 205 Radford Blvd

Year built

1986

Lot size

4.20 AC

Property size (Sq ft)

41,560 SF

Property type

Retail properties

Property subtype

Lifestyle centers

Description

This exceptional investment opportunity presents a 41,560 square foot, Food Lion-anchored shopping center in Dillon, South Carolina. The property boasts six tenants, including a prominent Food Lion supermarket, with 100% occupancy and a strong tenant history, averaging over 20 years. The center features a 35,560 square foot Food Lion and an additional 6,000 square feet of retail space, all under a triple-net (NNN) lease structure with a remaining term of 10 years. The property enjoys a prime location, easily accessible and highly visible, situated off I-95 at the Radford Boulevard interchange. Recent improvements include a new roof and parking lot (2021). The center offers a compelling 7.00% cap rate, with a net operating income (NOI) of $241,002 and an asking price of $3,457,168 ($83.18/sq ft). The 4.2-acre lot houses a single, one-story building constructed in 1986. This well-established center, with its strong anchor tenant and existing waiting list, presents a lucrative opportunity for sustained growth and profitability. The Food Lion location ranks in the top 96% in South Carolina and 94% nationally in foot traffic. This is a rare chance to acquire a stable, high-performing retail asset in a desirable location.

Location Insight

City

Dillon

County

Dillon

State

South Carolina

Latitude

34.4298

Longitude

-79.3662

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