1501 W O. Ezell Blvd Spartanburg, SC 29301

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.