Skip to main content

Shopping Strip

Walmart Shadow Center

1040 Chesterfield Hwy, Cheraw, SC 29520

Listing Price: $6,350,000

Cap Rate
7.25%
Gross SF
39,918
Rentable SF
39,918
Price/Gross SF
$159.08
Lot Size
4.76 acres
Year Built
2007

Investment Overview

WALMART SUPERCENTER SHADOW CENTER • The property is a 39,918 SF Walmart Supercenter shadow-anchored retail center located in Cheraw, SC • This center has a strong history of tenant performance and offers upside at 88% occupancy. • The center includes a complementary mix of e-commerce resistant tenants with uses such as service, restaurant, liquor store, & more • National Brands include Dollar Tree, CATO, Shoe Show, Advance America, HWY 55 Burger, 1st Franklin Financial, Cricket Wireless, & T-Mobile • The center is shadow anchored by a high-performing Walmart since 2007 | Walmart owns the Walmart HISTORY OF STRONG PERFORMANCE • Average Tenant Tenure | 12.40 Years • 8 tenants have exercised options to renew since 2019 • 3 New Leases have been executed since 2020 LIMITED COMPETITION | DOMINANT RETAIL LOCATION • This shopping center sees 2.2M Annual Visits • #1 visited retail center in Cheraw • Center pulls from a 20-Mile Trade Area CHERAW, SC • Cheraw is a city on the Pee Dee River in Chesterfield County, South Carolina • Located 70 miles southeast of Charlotte and 9 miles northeast of Columbia • Nicknamed "The Prettiest Town in Dixie", Cheraw is known for its deeprooted history and southern charm • Established in 1750, Cheraw was one of the first discovered and settled area of South Carolina and played major roles for South Carolina in the American Revolution & Civil War • Cheraw was the first municipality to use the Civilian Conservation Corps in South Carolina to build a state park, now home to Cheraw State Park and Sandhills State Forest

Investment Highlights

  • High Performing Walmart Anchor
  • National Tenant Lineup
  • Leasing Momentum 8 Extenstions & 3 New Leases
  • 20-Mile Trade Area
  • No Retail Competition In Market
  • Dominant Retail Location 2.2M Annual Visits

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: $6,350,000

Cap Rate
7.25%
Gross SF
39,918
Rentable SF
39,918
Price/Gross SF
$159.08
Lot Size
4.76 acres
Year Built
2007

Investment Highlights

  • High Performing Walmart Anchor
  • National Tenant Lineup
  • Leasing Momentum 8 Extenstions & 3 New Leases
  • 20-Mile Trade Area
  • No Retail Competition In Market
  • Dominant Retail Location 2.2M Annual Visits

Investment Overview

WALMART SUPERCENTER SHADOW CENTER • The property is a 39,918 SF Walmart Supercenter shadow-anchored retail center located in Cheraw, SC • This center has a strong history of tenant performance and offers upside at 88% occupancy. • The center includes a complementary mix of e-commerce resistant tenants with uses such as service, restaurant, liquor store, & more • National Brands include Dollar Tree, CATO, Shoe Show, Advance America, HWY 55 Burger, 1st Franklin Financial, Cricket Wireless, & T-Mobile • The center is shadow anchored by a high-performing Walmart since 2007 | Walmart owns the Walmart HISTORY OF STRONG PERFORMANCE • Average Tenant Tenure | 12.40 Years • 8 tenants have exercised options to renew since 2019 • 3 New Leases have been executed since 2020 LIMITED COMPETITION | DOMINANT RETAIL LOCATION • This shopping center sees 2.2M Annual Visits • #1 visited retail center in Cheraw • Center pulls from a 20-Mile Trade Area CHERAW, SC • Cheraw is a city on the Pee Dee River in Chesterfield County, South Carolina • Located 70 miles southeast of Charlotte and 9 miles northeast of Columbia • Nicknamed "The Prettiest Town in Dixie", Cheraw is known for its deeprooted history and southern charm • Established in 1750, Cheraw was one of the first discovered and settled area of South Carolina and played major roles for South Carolina in the American Revolution & Civil War • Cheraw was the first municipality to use the Civilian Conservation Corps in South Carolina to build a state park, now home to Cheraw State Park and Sandhills State Forest

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (843) 952-2300

    License(s): SC: 86628

    South Carolina

Financing By

MM Texture Background
MM Textured Background Lower