5208 Calhoun Memorial HwyEasley, SC 29640

Property Details for 5208 Calhoun Memorial Hwy

Year built

1993

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.65 AC

Property size (Sq ft)

7,932 SF

Zone code

GENERAL COMMERCIAL DIST

Property type

Retail properties

Property subtype

Strip malls

APN

5039-17-12-9210

APU

503917129210

Description

This exceptional investment opportunity, Shoppes on Calhoun, presents a 7,972 square foot shopping center in Easley, South Carolina, currently boasting 100% occupancy with four tenants. The property, built in 1993 and renovated in 2017, sits on a 1.51-acre lot and features a strong Net Operating Income (NOI) of $235,890, resulting in a 6.50% cap rate. The asking price is $3,630,000. Tenants are credit-rated, including franchisees and corporate guarantees, ensuring financial stability. The lease type is NNN, and lease terms are available upon request. Recent capital improvements include a roof replacement (2016) and parking lot work (2024), minimizing immediate capital expenditure needs for the new owner. The property benefits from a prime location across from an Ingles Grocery Store and a new Chick-fil-A, enjoying high foot traffic and proximity to major retailers like Walmart, Academy Sports, Sam's Club, and Hamrick's, all within a one-mile radius. Placer AI data highlights the area's strong retail draw, with the nearby Walmart ranking highly nationally and regionally. The SC-153 extension project will further enhance accessibility. The surrounding area shows strong population growth (projected 1.22% annually through 2029) and high average household income ($88,135). The tenant mix includes resilient healthcare providers, offering services such as urgent care, physical therapy, and hearing care, making this a low-risk investment. Significant lease renewals and extensions, including a long-term lease with Bon Secours, demonstrate tenant commitment and the desirability of this location. The property's weighted average remaining lease term (WALT) is seven years, with built-in annual rent increases of 2% to 3%.

• CAP approach

  CAP return

  Valuation

  6%

  $2,983,020

  6.5%

  $2,753,557

  7%

  $2,556,874

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,645,665

  Geo Method

  $1,645,665

• Alternative Use

  Use

  Valuation

  Residential

  $2,322,728

  Hospitality

  $2,127,606

  Educational

  $1,770,144

  Medical

  $1,831,022

  Retail

  $2,753,557

Location Insight

City

Easley

County

Pickens

State

South Carolina

Latitude

34.8254

Longitude

-82.5597

CBSA code

24860

CBSA name

GREENVILLE-ANDERSON, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].