205 Radford Blvd Dillon, SC 29536
- Lifestyle centers
- 41,560 SF
- 4.20 lot acres
Current Use by Public Records
- Lifestyle centers
Property Details for 205 Radford Blvd
- Year built
- 1986
- Lot size
- 4.20 lot acres
- Property size
- 41,560 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional investment opportunity presents a 41,560 square foot, Food Lion-anchored shopping center in Dillon, South Carolina. The property boasts six tenants, including a prominent Food Lion supermarket, with 100% occupancy and a strong tenant history, averaging over 20 years. The center features a 35,560 square foot Food Lion and an additional 6,000 square feet of retail space, all under a triple-net (NNN) lease structure with a remaining term of 10 years. The property enjoys a prime location, easily accessible and highly visible, situated off I-95 at the Radford Boulevard interchange. Recent improvements include a new roof and parking lot (2021). The center offers a compelling 7.00% cap rate, with a net operating income (NOI) of $241,002 and an asking price of $3,457,168 ($83.18/sq ft). The 4.2-acre lot houses a single, one-story building constructed in 1986. This well-established center, with its strong anchor tenant and existing waiting list, presents a lucrative opportunity for sustained growth and profitability. The Food Lion location ranks in the top 96% in South Carolina and 94% nationally in foot traffic. This is a rare chance to acquire a stable, high-performing retail asset in a desirable location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Dillon
- County
- Dillon
- State
- South Carolina
- Longitude
- -79.3661795
- Latitude
- 34.4297689
