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Property profile & analytics

2098 Bells Hwy Walterboro, SC 29488

  • Lifestyle centers
  • 53,300 SF
  • 7.40 lot acres
OFF-MARKET
Value Estimation
Location Intelligence

Current Use by Public Records

  • EcigCharleston - Walterboro / Vaporizer Store
  • Dollar Tree / Craft Store / Discount Store

Property Details for 2098 Bells Hwy

Year built
2007
Lot size
7.40 lot acres
Property size
53,300 SF
Property type
Lifestyle centers
Property subtype
Power centers

Description

The Shoppes of Walterboro, a 53,300 square foot shopping center in Walterboro, South Carolina, presents a compelling value-add investment opportunity. Located at 2098 Bells Hwy, this single-story, 2007-built property (APN: 146-00-00-196) sits on a 7.4-acre lot and is conveniently situated off Interstate 95, benefiting from significant regional draw. Currently boasting 97% occupancy with 16 tenants, including a Walmart Supercenter as a shadow anchor, over 71% of the tenants are national brands. A newly signed 10-year lease with Five Below further strengthens the tenant mix. The property underwent a complete renovation in 2024, eliminating any deferred maintenance. The current asking price is $10,000,000, representing a price per square foot of $187.62 and a 7.52% cap rate based on a Net Operating Income (NOI) of $752,145. Leases are NNN (Net, Net, Net) with credit-rated tenants. The current lease commencement date is April 30, 2024, with an expiration date of April 30, 2034, providing a remaining lease term of 9.4 years. Rent bumps are included in the lease agreements. The property's strong performance is further enhanced by the recent leasing of two smaller shops, leaving only one vacancy. The area's economic outlook is positive, fueled by the construction of a new battery plant creating approximately 600 jobs. This presents significant upside potential from the remaining vacancy and strong future growth prospects. This is a cash-flowing asset with immediate income generation.

Value Estimation

Powered by Realmo proprietary methodology Last update: July 3, 2025
  • CAP approach

  • Comparable approach

  • Alternative Use

Location Insight

  • Map
  • Local Demand
City
Walterboro
County
Colleton
State
South Carolina
Longitude
-80.6917
Latitude
32.9341
More about this property
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