Technical
Financial
Distress signals
Property profile

5135 Sunset Blvd Lexington, SC 29072

FOR LEASE
Community centers
Property ID
US77-1232673
85,600 SF 22.08 ac lot Built 2007
Entity Owned 7-yr Hold ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Clothing & Fashion Store
  • Take-out & Catering Catering Service
  • Bakery Specialty Food Shop
  • (Bike/Boat/Book/etc) Store
  • Eye Care Center Contact Lenses Supplier

Location

5135 Sunset Blvd Lexington, SC 29072
Lexington metro Census 21038 COLUMBIA, SC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$9.73M
Blend (final) Blend
$920k

Owner & transaction history

since 2019
4 recorded transactions
2019
$18.6M
2019
$11,925
2014
Price N/A
2010
Price N/A

Zoning & alternative use

Top alternative use upside
Commercial (general) $14.2M +55.8%
Office building $12.2M +33.7%
Retail stores $9.7M +6.6%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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