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    5135 Sunset Blvd Lexington, SC 29072

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    For Lease
    Contact for pricing

    Target-shadowed shopping center in Lexington, SC

    Lot size:
    114,088 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Lexington Pavilion, a 114,088 square foot retail community center, presents a unique investment opportunity. Located at 5135 Sunset Blvd, Lexington, SC 29072, this property boasts a prime location on a high-traffic corridor with over 41,000 cars daily. Built in 2006, the center features 767 parking spaces and benefits from a signalized entrance on Sunset Blvd, ensuring easy accessibility. Currently, the entire 114,089 square feet is vacant, offering significant potential for redevelopment or lease. The center is strategically positioned less than 3 miles from I-20 and downtown Lexington, within the rapidly growing Columbia, SC MSA. Lexington, SC has experienced nearly a 10% population increase in the last three years. The property is shadow-anchored by Target and includes a strong tenant mix of national and regional brands such as Best Buy, PetSmart, World Market, Kay Jewelers, Fab’rik, Chicken Salad Chick, Lane Bryant, Salsarita's, and Five Guys Burgers & Fries. This location benefits from the presence of numerous national and international companies in Lexington, including Amazon, US Foods, and others. The property's size, location, and existing tenant base make it an attractive proposition for investors seeking a high-growth market. The significant vacancy presents a blank canvas for a new vision.

    Property Features for 5135 Sunset Blvd

    General Information

    Property type
    Community centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    114,088 SF

    Building Details

    Year Built
    2006

    Unit(s) available at that property

    Space
    Suite 70
    Size
    1,605 SF
    Space
    Suite 220
    Size
    770 SF
    Space
    Suite 260
    Size
    3,752 SF

    HighLights

    • Shadow‑anchored by Target, Best Buy, PetSmart, and World Market.
    • Strong tenant mix including Fab’rik, Lane Bryant, Five Guys, and Sport Clips.
    • Ample parking with a 6.72/1,000 SF ratio.
    • Built in 2006, offering 114,088 square feet of gross leasable area (GLA).
    • High visibility location with 41,700 vehicles per day (VPD) on Sunset Boulevard.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lane Bryant Plus Size Clothing Store Salsarita's Fresh Mexican ... Caterer Crumbl - Lexington Bakery HandPicked Jewelry Store America's Best Contacts ... Eye Care Center

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Lexington
    State
    South Carolina
    Longitude
    -81.19483634327
    Latitude
    34.006247501075

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    FAQs

    What type of property is this?
    Community center - Target-shadowed shopping center in Lexington, SC
    Where is this community center located?
    The property is located at 5135 Sunset Blvd Lexington, SC.
    What are key features of this property?
    This property features: Shadow-anchored by Target, Best Buy, PetSmart, and World Market.; Strong tenant mix including Fab’rik, Lane Bryant, Five Guys, and Sport Clips.; Ample parking with a 6.72/1,000 SF ratio.
    Request Owner's contact information
    5135 Sunset Blvd Lexington, SC 29072
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    Lexington, SC 29072
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5135 Sunset Blvd Lexington, SC 29072
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