Shopping Neighborhood

South Hill Plaza

Listing Price: $2,060,000

Cap Rate
7.71%
Gross SF
38,333
Rentable SF
38,333
Price/Gross SF
$53.74
Lot Size
6.45 acres
Year Built
1995

Investment Overview

Marcus & Millichap, as it's exclusive adviser, is pleased to offer for sale the South Hill Plaza with 100 percent occupancy by two National Level Corporate Guaranteed tenants - Food Lion and Dollar General.

The South Hill Plaza was originally constructed in 1978 as a 30,000 square feet building built to suit for a grocery store to serve the growing community of Gaffney. An addition of 8,333 square feet was later added for Dollar General in 2004. The location benefits from two loading docs, 226 parking spaces, 482' of frontage on Frederick Street with two curb cut outs for ease of entrance/exit, large pylon sign, all located on a massive 6.45 acres of land encompassed by residential communities, schools, and churches.

Food Lion, based in Salisbury, North Carolina, since 1957, operates more than 1,000 grocery stores in 10 Southeastern and Mid-Atlantic states. Food Lion proudly employs more than 63,000 associates and serves approximately 10 million customers a week. By leveraging longstanding heritage of low prices and convenient locations, Food Lion works to provide the easiest full shop grocery experience in the Southeast for customers, and is anchored by a strong commitment to affordability, freshness and the communities they serve.

Dollar General strives to make shopping hassle-free and affordable with more than 15,000 convenient, easy-to-shop stores in 44 states. Their stores deliver everyday low prices on items including food, snacks, health and beauty aids, cleaning supplies, family apparel, housewares, seasonal items, paper products and much more from Americas most-trusted brands and products, along with Dollar Generals high-quality private brands.

Investment Highlights

  • Corporate Guaranteed Food Lion and Dollar General
  • Long Term Occupancy - Food Lion 40 Years and Dollar General 15 Years
  • Food Lion Early Exercised Five Year Option
  • Large Pylon Sign, Ample Parking Spaces, Excellent Egress and Ingress
  • 16,000 Daily Vehicle Traffic Count

Exclusively Listed By

Shopping Neighborhood

South Hill Plaza

Listing Price: $2,060,000

Cap Rate
7.71%
Gross SF
38,333
Rentable SF
38,333
Price/Gross SF
$53.74
Lot Size
6.45 acres
Year Built
1995

Investment Highlights

  • Corporate Guaranteed Food Lion and Dollar General
  • Long Term Occupancy - Food Lion 40 Years and Dollar General 15 Years
  • Food Lion Early Exercised Five Year Option
  • Large Pylon Sign, Ample Parking Spaces, Excellent Egress and Ingress
  • 16,000 Daily Vehicle Traffic Count

Investment Overview

Marcus & Millichap, as it's exclusive adviser, is pleased to offer for sale the South Hill Plaza with 100 percent occupancy by two National Level Corporate Guaranteed tenants - Food Lion and Dollar General.

The South Hill Plaza was originally constructed in 1978 as a 30,000 square feet building built to suit for a grocery store to serve the growing community of Gaffney. An addition of 8,333 square feet was later added for Dollar General in 2004. The location benefits from two loading docs, 226 parking spaces, 482' of frontage on Frederick Street with two curb cut outs for ease of entrance/exit, large pylon sign, all located on a massive 6.45 acres of land encompassed by residential communities, schools, and churches.

Food Lion, based in Salisbury, North Carolina, since 1957, operates more than 1,000 grocery stores in 10 Southeastern and Mid-Atlantic states. Food Lion proudly employs more than 63,000 associates and serves approximately 10 million customers a week. By leveraging longstanding heritage of low prices and convenient locations, Food Lion works to provide the easiest full shop grocery experience in the Southeast for customers, and is anchored by a strong commitment to affordability, freshness and the communities they serve.

Dollar General strives to make shopping hassle-free and affordable with more than 15,000 convenient, easy-to-shop stores in 44 states. Their stores deliver everyday low prices on items including food, snacks, health and beauty aids, cleaning supplies, family apparel, housewares, seasonal items, paper products and much more from Americas most-trusted brands and products, along with Dollar Generals high-quality private brands.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower