Fully Occupied Shopping
15740 N HWY 11 Salem, SC 29676
For Sale
Contact for pricing
Fully leased shopping center offering 18,653 SF of retail space, situated on Lake Keowee.
Property Size18,653 SF
Price / SF$168.87
Days on Market57
Property Features for 15740 N HWY 11
General Information
Standard status
Active
Size
18,653 SF
Property subtype
Retail
Building Details
Year Built
2007
Listing Agency:
Marcus & Millichap - Atlanta
Listed By:
Brian Munn · License #GA 263081
Source:
Crexi
Added: Jun 2
Changed: Jul 10
Last Checked: Jul 27 at 4:50PM
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 Marcus & Millichap - Atlanta
Investment Insights
Based on property information with market context.
This offering is a 100% occupied shopping center with 18,653 SF of retail space. The property is presented for sale as a turn-key, income-producing asset with existing tenant occupancy in place.
Located at 15740 N HWY 11 in Salem, SC, the center benefits from a prominent position on Lake Keowee. Its setting provides a distinct experiential environment for retail users and shoppers, while the established occupancy supports continuity of operations.
For buyers seeking a retail-focused acquisition with current leasing in place, the fully occupied configuration is an important factor to evaluate. The shopping center format can accommodate a range of neighborhood-serving retail uses, and the overall size provides flexibility for tenants within the existing space. Prospective purchasers and tenant/broker prospects can review the current tenancy and layout details to confirm fit for their business or investment objectives.
Located at 15740 N HWY 11 in Salem, SC, the center benefits from a prominent position on Lake Keowee. Its setting provides a distinct experiential environment for retail users and shoppers, while the established occupancy supports continuity of operations.
For buyers seeking a retail-focused acquisition with current leasing in place, the fully occupied configuration is an important factor to evaluate. The shopping center format can accommodate a range of neighborhood-serving retail uses, and the overall size provides flexibility for tenants within the existing space. Prospective purchasers and tenant/broker prospects can review the current tenancy and layout details to confirm fit for their business or investment objectives.
Key Highlights
- 18,653 SF shopping center built in 2007
- 100% occupied shopping center with fully leased retail space
- Shopping center on Lake Keowee
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $335.8k | $18.00 |
| − Vacancy | −$12.1k | −$0.65 |
| EGI | $323.7k | $17.35 |
| − OpEx | −$97.1k | −$5.21 |
| NOI | $226.6k | $12.15 |
18,653 SF · lease $18.00/SF/yr · vacancy 3.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$3.24M
$2.83M – $3.78M
NOI $226,567 @ 7.0% cap · market cap 7.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.68M
$4.10M – $5.46M
NOI $327,768 @ 7.0% cap · market cap 10.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Shopping center - Fully leased shopping center offering 18,653 SF of retail space, situated on Lake Keowee.
Where is this shopping center located?
The property is located at 15740 N HWY 11 Salem, SC.
What is the asking price?
The asking price for this property is $3,150,000.
What are key features of this property?
This property features: 18,653 SF shopping center built in 2007; 100% occupied shopping center with fully leased retail space; Shopping center on Lake Keowee
