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Shopping Strip

Walmart Shadow Center

1970 Paxville Hwy, Manning, SC 29102

Listing Price: $3,875,000

Cap Rate
7.25%
Gross SF
20,021
Rentable SF
20,021
Price/Gross SF
$193.55
Lot Size
2.88 acres
Year Built
2007

Investment Overview

WALMART SUPERCENTER SHADOW CENTER • The property is a 20,021 SF Walmart Supercenter shadow anchored retail center located in Manning, SC • The property is 92% leased and features a complimentary mix of essential retail, service, & restaurant tenants • The tenant lineup includes national brands such as Cato, One Main Financial, State Farm, Verizon Wireless, & Subway • The offering features annual rent increases to hedge inflation, which is rare for a Walmart Shadow Center • Stable Tenancy | Avg. Tenant Tenure: 14.18 Years • Leasing Momentum |1 New Lease & 7 Renewals STRATEGIC POSITIONING | INTERSTATE LOCATION • The subject property is located Paxville Highway (13,600 VPD), just off the exit ramp for I-95 (29,400 VPD) • I-95 acts as the major interstate leading to Lake Marion, making this Walmart the main stop-off point for travelers visiting the lake • Lake Marion is South Carolina’s largest lake, centrally located within five counties of the state • Known for big fish, abundant wildlife, and long walking trails Lake Marion is one of South Carolina’s most visited natural attractions MANNING, SC • Manning is centrally located in Clarendon County, SC and is the county seat • Manning’s beauty is highlighted along the streets lined with oaks and antebellum homes • Manning’s close proximity to Lake Marion makes it one of the state’s favorite recreational areas for all types of water activities • Lake Marion is famous for it’s landlocked striped bass and Manning is home to the annual Striped Bass Festival DOMINANT RETAIL LOCATION | REGIONAL TRADE AREA • This Walmart location ranks in the top 35% of all locations in South Carolina and the U.S. (Plaer.ai) • This shopping center sees 3.1M Annual Visits • This is the #1 most visited shopping center in a 30-Mile Radius • As one of the major stopping points to Lake Marion, this shopping center pulls from an incredible 55 mile trade area, seeing a high volume of visits from towns like Columbia, Florence, and Summerville

Investment Highlights

  • High Performing Walmart Shadow Anchor
  • Leasing Momentum 1 New Lease & 7 Renewals
  • Stable Tenant History AVG. Tenure 14+ Years
  • #1 Visited Retail Center 3.1M Annual Visits
  • Regional Trade Area 55 Miles
  • Interstate Location

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (843) 952-2300

    License(s) SC: 86628

    South Carolina

Financing By

Shopping Strip

Walmart Shadow Center

Listing Price: $3,875,000

Cap Rate
7.25%
Gross SF
20,021
Rentable SF
20,021
Price/Gross SF
$193.55
Lot Size
2.88 acres
Year Built
2007

Investment Highlights

  • High Performing Walmart Shadow Anchor
  • Leasing Momentum 1 New Lease & 7 Renewals
  • Stable Tenant History AVG. Tenure 14+ Years
  • #1 Visited Retail Center 3.1M Annual Visits
  • Regional Trade Area 55 Miles
  • Interstate Location

Investment Overview

WALMART SUPERCENTER SHADOW CENTER • The property is a 20,021 SF Walmart Supercenter shadow anchored retail center located in Manning, SC • The property is 92% leased and features a complimentary mix of essential retail, service, & restaurant tenants • The tenant lineup includes national brands such as Cato, One Main Financial, State Farm, Verizon Wireless, & Subway • The offering features annual rent increases to hedge inflation, which is rare for a Walmart Shadow Center • Stable Tenancy | Avg. Tenant Tenure: 14.18 Years • Leasing Momentum |1 New Lease & 7 Renewals STRATEGIC POSITIONING | INTERSTATE LOCATION • The subject property is located Paxville Highway (13,600 VPD), just off the exit ramp for I-95 (29,400 VPD) • I-95 acts as the major interstate leading to Lake Marion, making this Walmart the main stop-off point for travelers visiting the lake • Lake Marion is South Carolina’s largest lake, centrally located within five counties of the state • Known for big fish, abundant wildlife, and long walking trails Lake Marion is one of South Carolina’s most visited natural attractions MANNING, SC • Manning is centrally located in Clarendon County, SC and is the county seat • Manning’s beauty is highlighted along the streets lined with oaks and antebellum homes • Manning’s close proximity to Lake Marion makes it one of the state’s favorite recreational areas for all types of water activities • Lake Marion is famous for it’s landlocked striped bass and Manning is home to the annual Striped Bass Festival DOMINANT RETAIL LOCATION | REGIONAL TRADE AREA • This Walmart location ranks in the top 35% of all locations in South Carolina and the U.S. (Plaer.ai) • This shopping center sees 3.1M Annual Visits • This is the #1 most visited shopping center in a 30-Mile Radius • As one of the major stopping points to Lake Marion, this shopping center pulls from an incredible 55 mile trade area, seeing a high volume of visits from towns like Columbia, Florence, and Summerville

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (843) 952-2300

    License(s): SC: 86628

    South Carolina

Financing By

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