Property Details for 7467 St Andrews Rd

Year built

1980

Lot size

13.80 lot acres

Property size

99,384 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This exceptional 99,384 square foot retail property in Irmo, South Carolina, presents a compelling investment opportunity. The center boasts a strong anchor tenant in Kroger, the largest pure-play grocer in the U.S., which recently exercised its option, demonstrating long-term commitment. With 17 tenants, including Pet Supplies Plus and Orangetheory Fitness, the property enjoys a 96% occupancy rate and a substantial net operating income (NOI) of $1,226,000. Built in 1980, this two-building, single-story center sits on 13.8 acres and features 19 units. Kroger's strong sales, exceeding $49 million ($850+ per square foot), and its position as a top 3% grocer in South Carolina, along with high traffic rankings, underscore the property's exceptional performance. The center benefits from its prime location in Lexington County, a high-income suburb of the Columbia market, and its proximity to Irmo Elementary School. Two vacant units offer immediate upside potential through lease-up, while below-market rents on smaller shops provide near-term NOI growth opportunities. This grocery-anchored asset combines stability with significant value-add potential, making it a rare and attractive investment in one of the fastest-growing states in the U.S. High barriers to entry due to a lack of suitable sites further enhance its desirability.

Location Insight

City

Irmo

County

Lexington

State

South Carolina

Longitude

-81.1856

Latitude

34.086