Spartanburg Retail Investment
1501 W O. Ezell Boulevard, Spartanburg, SC 29301
Fully leased outparcel pad building in Spartanburg's prime retail area.
Type:Retail
Property size:
9,833 SF- Added:
- Nov 25, 2025
- Days on Market:
- 179
- Last Refresh:
- Apr 5 at 8:53 pm
Property Features for 1501 W O. Ezell Boulevard
General Information
- Standard status
- Active
- Size
- 9,833 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1996
Listing agent Shaun Riley License #CalDRE #01165160 (949) 221-1807
Listing office Faris Lee Investments (949) 221-1807
Listing date Nov 25, 2025
Source Farislee
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Faris Lee Investments
HighLights
- 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.
- Located in a Top 10 U.S. Growth Market with a 2.7% annual population growth in Spartanburg MSA.
- High‑traffic location with 35,613 vehicles per day and direct access to Interstate 26.
- Weighted Average Lease Term (WALT) of 6.2 years, providing stable income.
Overview
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
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
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 Boulevard 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.
