Spartanburg Retail Investment
1501 W O. Ezell Boulevard Spartanburg, SC 29301
For Sale
$4,175,000
Fully leased outparcel pad building in Spartanburg's prime retail area.
Property Size9,833 SF
Price / SF$424.59
Days on Market245
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 Agency:
Faris Lee Investments
(714) 608-3416
Listed By:
Shaun Riley · License #CalDRE #01165160
(714) 608-3416
Source:
Farislee
Added: Nov 25, 2025
Changed: Jul 6
Last Checked: Jul 27 at 7:41AM
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
Investment Insights
Based on property information with market context.
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.
Key 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.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
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 is the asking price?
The asking price for this property is $4,175,000.
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.
