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Shopping Strip

Hope Plaza + Lexington Flex Park

1812 Augusta Hwy, Lexington, SC 29072

Listing Price: $3,400,000

Cap Rate
7.50%
Gross SF
34,619
Rentable SF
34,619
Price/Gross SF
$98.21
Lot Size
4.55 acres
Year Built
2006

Investment Overview

Marcus & Millichap is pleased to present for sale Hope Plaza + Lexington Flex Park located in Lexington, South Carolina.

Investment Highlights

  • 34,619-SF Multi-Tenant Retail and Flex-Industrial Property
  • Retail & Flex Offering Priced at $98/SF | Average Suite Size = 1,730/SF
  • 96% Occupied | Twenty (20) Tenants | Multiple Buildings | Multiple Access Points
  • Small Bay Flex-Industrial Suites with Rollup Doors | Ceiling Clear Heights: ~12-ft | Approx. 80% Warehouse & 20% Office
  • Diversified Tenant Mix: Restaurant, Brewery, Salons, Small Businesses | Historically Stable Property with High Occupancy
  • Low Rents and All Tenants on Gross Leases: Upside Potential via Mark to Market and Converting Gross Leases to NNN
  • Tenants Have no Renewal Options: Clear Path to Upside Potential

Exclusively Listed By

Financing By

Shopping Strip

Hope Plaza + Lexington Flex Park

Listing Price: $3,400,000

Cap Rate
7.50%
Gross SF
34,619
Rentable SF
34,619
Price/Gross SF
$98.21
Lot Size
4.55 acres
Year Built
2006

Investment Highlights

  • 34,619-SF Multi-Tenant Retail and Flex-Industrial Property
  • Retail & Flex Offering Priced at $98/SF | Average Suite Size = 1,730/SF
  • 96% Occupied | Twenty (20) Tenants | Multiple Buildings | Multiple Access Points
  • Small Bay Flex-Industrial Suites with Rollup Doors | Ceiling Clear Heights: ~12-ft | Approx. 80% Warehouse & 20% Office
  • Diversified Tenant Mix: Restaurant, Brewery, Salons, Small Businesses | Historically Stable Property with High Occupancy
  • Low Rents and All Tenants on Gross Leases: Upside Potential via Mark to Market and Converting Gross Leases to NNN
  • Tenants Have no Renewal Options: Clear Path to Upside Potential

Investment Overview

Marcus & Millichap is pleased to present for sale Hope Plaza + Lexington Flex Park located in Lexington, South Carolina.

Exclusively Listed By

Financing By

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