Investment Overview

Marcus & Millichap, as exclusive advisor, is pleased to present the opportunity to acquire 100% fee simple interest in Camelot Center (the “Property”), a 66,560 square foot neighborhood shopping center located in Spartanburg, South Carolina. Camelot Center is anchored by #1 top performing Napa Auto Parts in the market (Top 5% Nationwide) and one of the strongest performing Dollar Generals in the State (Top 9% Nationwide), Per Placer AI. The Property is 100% leased to an e-commerce resistant tenant roster that includes a diverse service-oriented lineup of dining, discount, grocery, beauty, insurance, financial, and auto part users. The Property’s newest tenant, Pizza Hut, just signed a 5-year lease. The center also benefits from a strong weighted average lease term (WALT) of more than 5 years providing stable cash flow for investors. Positioned on a 7.99-acre site, the property features high end brick and mortar construction and has been well-maintained, having recently undergone an exterior renovation. Camelot Center is located East of Interstate-26 that runs North & South through South Carolina at the intersection of John B White Sr Blvd and Camelot Dr with more than 43,000 VPD. The Property combines outstanding visibility and great access with a convenient location that caters to the surrounding well populated area and home to Spartanburg’s largest employers including BMW, Michelin Tire, Denny’s Headquarters, and Spartanburg Regional Healthcare System. The Property provides two pylon signs, four access points, and ample parking for tenants and customers with 374 surface spaces located in the front and on the side of the property. Spartanburg is the second fastest growing city in the state of South Carolina and is situated within the Greenville MSA, which is the largest MSA in the state with a population of more than 1 million residents. The Greenville MSA maintains one of the strongest local economies in the southeast and is driven by financial institutions, the automotive industry, and healthcare. This geographic location also benefits from being centrally located between Atlanta GA and Charlotte NC. Spartanburg County saw $1.1 billion dollars in capital investments in 2023. Camelot Center is well positioned in the heart of all this positive momentum with continued growth surrounding the property. The Property is being offered free and clear of debt for a 7.43% cap totaling $8,500,000.