5135 Sunset BlvdLexington, SC 29072

Property Details for 5135 Sunset Blvd

Year built

2007

Lot size

22.08 AC

Property size (Sq ft)

85,600 SF

Property type

Community centers

APN

004496-02-123

APU

449602123

Description

Lexington Pavilion, a 114,088 square foot retail community center, presents a unique investment opportunity. Located at 5135 Sunset Blvd, Lexington, SC 29072, this property boasts a prime location on a high-traffic corridor with over 41,000 cars daily. Built in 2006, the center features 767 parking spaces and benefits from a signalized entrance on Sunset Blvd, ensuring easy accessibility. Currently, the entire 114,089 square feet is vacant, offering significant potential for redevelopment or lease. The center is strategically positioned less than 3 miles from I-20 and downtown Lexington, within the rapidly growing Columbia, SC MSA. Lexington, SC has experienced nearly a 10% population increase in the last three years. The property is shadow-anchored by Target and includes a strong tenant mix of national and regional brands such as Best Buy, PetSmart, World Market, Kay Jewelers, Fab’rik, Chicken Salad Chick, Lane Bryant, Salsarita's, and Five Guys Burgers & Fries. This location benefits from the presence of numerous national and international companies in Lexington, including Amazon, US Foods, and others. The property's size, location, and existing tenant base make it an attractive proposition for investors seeking a high-growth market. The significant vacancy presents a blank canvas for a new vision.

• CAP approach

  CAP return

  Valuation

  6%

  $18,924,202

  6.5%

  $17,468,494

  7%

  $16,220,744

• Comparable approach

  Method

  Valuation

  Relative Method

  $15,783,758

  Geo Method

  $36,528,672

• Alternative Use

  Use

  Valuation

  Residential

  $14,735,328

  Hospitality

  $13,497,481

  Educational

  $11,229,746

  Medical

  $11,615,954

  Retail

  $17,468,494

Location Insight

City

Lexington

County

Lexington

State

South Carolina

Latitude

34.0053

Longitude

-81.1958

CBSA code

17900

CBSA name

COLUMBIA, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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