5208 Calhoun Memorial Hwy Easley, SC 29640-3864

This exceptional investment opportunity, Shoppes on Calhoun, presents a 7,972 square foot shopping center in Easley, South Carolina, currently boasting 100% occupancy with four tenants. The property, built in 1993 and renovated in 2017, sits on a 1.51-acre lot and features a strong Net Operating Income (NOI) of $235,890, resulting in a 6.50% cap rate. The asking price is $3,630,000. Tenants are credit-rated, including franchisees and corporate guarantees, ensuring financial stability. The lease type is NNN, and lease terms are available upon request. Recent capital improvements include a roof replacement (2016) and parking lot work (2024), minimizing immediate capital expenditure needs for the new owner. The property benefits from a prime location across from an Ingles Grocery Store and a new Chick-fil-A, enjoying high foot traffic and proximity to major retailers like Walmart, Academy Sports, Sam's Club, and Hamrick's, all within a one-mile radius. Placer AI data highlights the area's strong retail draw, with the nearby Walmart ranking highly nationally and regionally. The SC-153 extension project will further enhance accessibility. The surrounding area shows strong population growth (projected 1.22% annually through 2029) and high average household income ($88,135). The tenant mix includes resilient healthcare providers, offering services such as urgent care, physical therapy, and hearing care, making this a low-risk investment. Significant lease renewals and extensions, including a long-term lease with Bon Secours, demonstrate tenant commitment and the desirability of this location. The property's weighted average remaining lease term (WALT) is seven years, with built-in annual rent increases of 2% to 3%.