Current Use by Public Records
- Lifestyle centers
Property Details for 1013 Dekalb St
- Lot size
- 1.53 lot acres
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional investment opportunity presents a three-building, multi-tenant retail portfolio totaling 19,705 square feet situated on a 1.53-acre lot in Camden, South Carolina. The property boasts 100% occupancy with a prominent Sherwin-Williams as an anchor tenant, along with two additional tenants. The property features 34 parking spaces and benefits from approximately 146 feet of frontage along Jefferson Davis Hwy/Rt 1, a major retail corridor with 19,000 vehicles passing daily. The portfolio is currently generating a strong NOI of $70,828, representing a 7.15% cap rate at an asking price of $995,000 ($50/sq ft). The property is classified as Core+ with a modified lease structure. Significant rent growth potential exists due to 74% of the gross leasable area being on month-to-month leases with an average rental rate of $2.37 per square foot. The location shows strong population growth, with a 2.49% annual increase within a 1-mile radius since 2020, projected to rise another 8.85% by 2029. This presents a compelling investment opportunity with immediate cash flow and substantial upside potential. The property consists of three single-story buildings with four units in total. Rent bumps are included in the lease agreements.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Camden
- County
- Kershaw
- State
- South Carolina
- Longitude
- -80.6178
- Latitude
- 34.2459
