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    Property profile & analytics
    OFF-MARKET Estimated value $8,545,000
    Community centers

    5135 Sunset Blvd, Lexington, SC 29072-6935

    85,600 SF 22.08 ac lot Built 2007
    Entity Owned 7-yr Hold ~ Est. High Equity
    Property ID
    US77-1232673
    Property summary
    AI-generated overview

    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 profile
    Verified
    Property type Community centers
    Use group MINI-MALL
    Year built 2007
    Total area 85,600 SF
    Lot 22.08 ac (961,805 SF)
    APN 004496-02-123
    UPID US77-1232673
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Lane Bryant Clothing & Fashion Store
    • Salsarita's Fresh Mexican Grill Take-out & Catering Catering Service
    • Crumbl - Lexington Bakery Specialty Food Shop
    • HandPicked (Bike/Boat/Book/etc) Store
    • America's Best Contacts & Eyeglasses Glasses Repair Service Optician
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $9.73M
    Blend (final) Blend
    $8.55M
    Owner & transaction history
    Sc-lexington Pavilion-qrx LLC · 7 yrs held
    Sc-lexington Pavilion-qrx LLC
    since 2019
    4 recorded transactions
    2019
    $18.6M
    2019
    $11,925
    2014
    2010
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Commercial (general) $14.2M +55.8%
    Office building $12.2M +33.7%
    Retail stores $9.7M +6.6%
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