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Shopping Regional

Camden Square

1023 Wylie St, Camden, SC 29020

Listing Price: $6,955,000

Cap Rate
7.00%
Gross SF
71,120
Rentable SF
71,120
Price/Gross SF
$97.79
Lot Size
6.85 acres
Year Built
1981

Investment Overview

CAMDEN SQUARE • Camden Square is a 71,120 SF retail offering in the Columbia, SC MSA • The center completed an entire renovation in 2021 and features all new tenants • 35% of the center is anchored by Ollie’s Bargain Outlet & Corporate Planet Fitness • Camden Square offers an investor the rare opportunity to acquire a Class-A regional shopping center with national credit tenants on long term leases in a growing South Carolina market NEW RENOVATIONS • Camden Square is a retrofit of a former BI-LO anchored shopping center originally built in 1981 • The shell structure was stripped down to walls & Ollie’s Roof and was built from there. • The renovation features a brand-new façade, HVAC, Parking Lot, & Roof (BI-LO roof is original, good condition) • In addition to this, the property features an entirely new electrical system, utilities, water lines, fire lines, and sewer lateral • A total of 3.6M was spent in renovating the center, making it virtually new construction (See details on ne xt page) NEW TENANTS | LONG-TERM LEASES • Camden Square has a new lineup of tenants and is anchored by Ollies Bargain Outlet, who is on a fresh 5-year lease • Ollies Bargain Outlet, one of America’s largest retailers of closeout merchandise and excess inventory stores operating since 1982, is a corporately guaranteed lease that is backed by 407 locations • In 2022, this Ollie’s location has ranked 15/391 of registered Ollie’s locations in Placer.ai (Top 4% of all locations) • Camden Square’s second anchor is a new Planet Fitness, who is on a new 10-Year lease • Planet Fitness is guaranteed by Furlong Fitness, a 10 Unit Operator • Weighted Average Lease Term of Camden Square | 6.25 Years STRATEGIC RETAIL LOCATION | STRONG FUNDAMENTALS • Well-located at signaled intersection in the heart of Camden (30,600 VPD). • Excellent Frontage, visibility, and ease of access into the shopping center • Limited Retail Competition • This center ranks as one of the most visited shopping centers in the market CAMDEN, SC | COLUMBIA MSA • Camden is the largest city and country seat of Kershaw County and is the oldest inland city in South Carolina • Camden is home to the Carolina Cup, an annual steeplechase horse race that has an annual at tendance of 71,000+ • Camden is located 35 Miles Northeast of Columbia, SC and is part of the Columbia MSA. • Columbia is the capital and lar gest city in the state of South Carolina with a population of over 800,000. • Columbia’s airport serves 1.5 million passengers a year with flights to all major East Coast Markets. • 14 Fortune 500 Companies contribute to Columbia’s $31.97 Billion GDP. • Columbia is home to the University of South Carolina with a 30,000 student enrollment. • Columbia is home to Fort Jackson, the largest and most active initial entry training center in the U.S. Army which trains 60,000 soldiers annually.

Investment Highlights

  • $3M+ Renovation In 2021
  • Brand New Ollie's & Planet Fitness Leases
  • $7.19 AVG. Rent/SF
  • WALT 6.25 Years
  • Columbia, SC MSA
  • Top Visited Center In The Market

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (843) 952-2300

    License(s) SC: 86628

    South Carolina

Financing By

Shopping Regional

Camden Square

Listing Price: $6,955,000

Cap Rate
7.00%
Gross SF
71,120
Rentable SF
71,120
Price/Gross SF
$97.79
Lot Size
6.85 acres
Year Built
1981

Investment Highlights

  • $3M+ Renovation In 2021
  • Brand New Ollie's & Planet Fitness Leases
  • $7.19 AVG. Rent/SF
  • WALT 6.25 Years
  • Columbia, SC MSA
  • Top Visited Center In The Market

Investment Overview

CAMDEN SQUARE • Camden Square is a 71,120 SF retail offering in the Columbia, SC MSA • The center completed an entire renovation in 2021 and features all new tenants • 35% of the center is anchored by Ollie’s Bargain Outlet & Corporate Planet Fitness • Camden Square offers an investor the rare opportunity to acquire a Class-A regional shopping center with national credit tenants on long term leases in a growing South Carolina market NEW RENOVATIONS • Camden Square is a retrofit of a former BI-LO anchored shopping center originally built in 1981 • The shell structure was stripped down to walls & Ollie’s Roof and was built from there. • The renovation features a brand-new façade, HVAC, Parking Lot, & Roof (BI-LO roof is original, good condition) • In addition to this, the property features an entirely new electrical system, utilities, water lines, fire lines, and sewer lateral • A total of 3.6M was spent in renovating the center, making it virtually new construction (See details on ne xt page) NEW TENANTS | LONG-TERM LEASES • Camden Square has a new lineup of tenants and is anchored by Ollies Bargain Outlet, who is on a fresh 5-year lease • Ollies Bargain Outlet, one of America’s largest retailers of closeout merchandise and excess inventory stores operating since 1982, is a corporately guaranteed lease that is backed by 407 locations • In 2022, this Ollie’s location has ranked 15/391 of registered Ollie’s locations in Placer.ai (Top 4% of all locations) • Camden Square’s second anchor is a new Planet Fitness, who is on a new 10-Year lease • Planet Fitness is guaranteed by Furlong Fitness, a 10 Unit Operator • Weighted Average Lease Term of Camden Square | 6.25 Years STRATEGIC RETAIL LOCATION | STRONG FUNDAMENTALS • Well-located at signaled intersection in the heart of Camden (30,600 VPD). • Excellent Frontage, visibility, and ease of access into the shopping center • Limited Retail Competition • This center ranks as one of the most visited shopping centers in the market CAMDEN, SC | COLUMBIA MSA • Camden is the largest city and country seat of Kershaw County and is the oldest inland city in South Carolina • Camden is home to the Carolina Cup, an annual steeplechase horse race that has an annual at tendance of 71,000+ • Camden is located 35 Miles Northeast of Columbia, SC and is part of the Columbia MSA. • Columbia is the capital and lar gest city in the state of South Carolina with a population of over 800,000. • Columbia’s airport serves 1.5 million passengers a year with flights to all major East Coast Markets. • 14 Fortune 500 Companies contribute to Columbia’s $31.97 Billion GDP. • Columbia is home to the University of South Carolina with a 30,000 student enrollment. • Columbia is home to Fort Jackson, the largest and most active initial entry training center in the U.S. Army which trains 60,000 soldiers annually.

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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