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Shopping Strip

Mallard Lake Shopping Center

5483 Sunset Blvd, Lexington, SC 29072

Listing Price: Request For Offer

Gross SF
15,648
Rentable SF
15,648
Lot Size
0.84 acres
Year Built
1999

Investment Overview

Marcus & Millichap is pleased to present for sale a 15,648 square foot retail strip located in Lexington, South Carolina. The subject property was constructed in 1999 and is fully occupied by twelve (12) retail and office tenants. The investment offers an excellent value-add opportunity in a highly sought-after sub-market. The leases are short term agreements at well below market rents and the property is offered below replacement cost. The subject property has frontage on the heavily trafficked Sunset Boulevard (42,000 VPD) adjacent to a high performing Publix, Lowe’s Home Improvement and a strong performing Walmart Supercenter. The subject property is ideally located in the center of the high retail activity in an infill location. This area of Lexington is a low-vacancy submarket and nearby retail rents are between $17/SF - $45/SF NNN. Additional major points of interest in the immediate area include Chick-fil-A, Starbucks, Home Depot, Food Lion, Hobby Lobby, Panera Bread, Target, CVS, TJ Maxx, Ross, Walgreens, and more. This area of Lexington is a high growth area with more than 82,000 people in a five-mile radius.

Investment Highlights

  • 100% Occupied Multi-Tenant Property | Lexington, South Carolina (Columbia MSA)
  • Fantastic Location on Sunset Boulevard (Hwy 278) | Busy Retail Corridor
  • High Traffic Counts of 42,000 Vehicles Per Day | $100,000+ Average Household Incomes
  • Excellent Value-Add Opportunity | Rents Well Below Market | Below Replacement Cost
  • Attractive Suite Sizes at 1,300 Sq. Ft. | Small Bay Retail/Office | Easy to Lease
  • 82,000+ Five Mile Population | High Growth Market | Infill Location

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Regional Manager

    (843) 952-2300

    License(s) SC: 86628

    South Carolina

Shopping Strip

Mallard Lake Shopping Center

Listing Price: Request For Offer

Gross SF
15,648
Rentable SF
15,648
Lot Size
0.84 acres
Year Built
1999

Investment Highlights

  • 100% Occupied Multi-Tenant Property | Lexington, South Carolina (Columbia MSA)
  • Fantastic Location on Sunset Boulevard (Hwy 278) | Busy Retail Corridor
  • High Traffic Counts of 42,000 Vehicles Per Day | $100,000+ Average Household Incomes
  • Excellent Value-Add Opportunity | Rents Well Below Market | Below Replacement Cost
  • Attractive Suite Sizes at 1,300 Sq. Ft. | Small Bay Retail/Office | Easy to Lease
  • 82,000+ Five Mile Population | High Growth Market | Infill Location

Investment Overview

Marcus & Millichap is pleased to present for sale a 15,648 square foot retail strip located in Lexington, South Carolina. The subject property was constructed in 1999 and is fully occupied by twelve (12) retail and office tenants. The investment offers an excellent value-add opportunity in a highly sought-after sub-market. The leases are short term agreements at well below market rents and the property is offered below replacement cost. The subject property has frontage on the heavily trafficked Sunset Boulevard (42,000 VPD) adjacent to a high performing Publix, Lowe’s Home Improvement and a strong performing Walmart Supercenter. The subject property is ideally located in the center of the high retail activity in an infill location. This area of Lexington is a low-vacancy submarket and nearby retail rents are between $17/SF - $45/SF NNN. Additional major points of interest in the immediate area include Chick-fil-A, Starbucks, Home Depot, Food Lion, Hobby Lobby, Panera Bread, Target, CVS, TJ Maxx, Ross, Walgreens, and more. This area of Lexington is a high growth area with more than 82,000 people in a five-mile radius.

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Regional Manager

    (843) 952-2300

    License(s): SC: 86628

    South Carolina

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