1501 W O. Ezell Blvd Spartanburg, SC 29301
Fully leased outparcel pad building in Spartanburg's prime retail area.
Property size:
9,833 SFProperty Features for 1501 W O. Ezell Blvd
General Information
- Size
- 9,833 SF
Building Details
- Year built
- 1996
Source:
Farislee
Listing Agent: Shaun Riley
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Spartanburg Retail Investment Opportunity
This is an opportunity to acquire a fee simple interest in Dorman Crossroads, a 100% leased, three-tenant outparcel pad building. It is located within Dorman Centre, a 400,000-square-foot power center in Spartanburg, South Carolina, anchored by Super Walmart and Home Depot. The property is fully occupied by Red Wing Shoes, Prisma Health, and Vitamin Shoppe. The weighted average lease term is 6.2 years, and the leases include rent increases. The property is located in Spartanburg's number one retail shopping district, near Costco, Target, Sam’s Club, and Westgate Mall. The location benefits from high traffic, with 35,613 vehicles per day and direct access to Interstate 26. Spartanburg is experiencing significant growth, with an annual population increase of 2.7%, and is considered a top 10 growth market in the U.S. The property is located at the entrance to a 400,000 square foot power center and is part of a Walmart and Home Depot anchored center. The Home Depot and Walmart locations rank in the top 5% and 25% for customer visits, respectively. Red Wing Shoes has over 500 locations, Vitamin Shoppe has over 700, and Prisma Health has over 338. Spartanburg has a thriving economy with major employers including BMW, GE, Michelin, and Milliken. The property size is 9,833 square feet.
Location Intelligence
Current Use by Public Records
Isalis
Gift Shop
Party City
Party Store
Skunk Funk
Wholesaler
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
Outdoor Clothing And Equipment Shop
Location Insight
- Map
- Local Demand
- City
- Spartanburg
- County
- Spartanburg
- State
- South Carolina
- Longitude
- -82.0149
- Latitude
- 34.9341
Nearby Similar for Sale
FAQs
What type of property is this?
Individual retail property - Fully leased outparcel pad building in Spartanburg's prime retail area.
Where is this individual retail property located?
The property is located at 1501 W O. Ezell Blvd Spartanburg, SC.
What are key features of this property?
This property features: - 100% leased to established national tenants: Red Wing Shoes, Prisma Health, and Vitamin Shoppe.; - Located in Spartanburg's #1 retail trade area near Walmart, Home Depot, Costco, Target and Sam's Club.; - Strong income growth potential with rental increases and a potential 7.48% unlevered return upon lease renewals in 2030.