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BI-LO Grocery-Anchored Center| 91,910 SF | SC 371 S Main Street, Woodruff, South Carolina, 29388

 
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Verified : 1/27/2016 Sold

BI-LO Grocery-Anchored Center| 91,910 SF | SC 371 S Main Street, Woodruff, South Carolina, 29388

$8,250,000.00   / ForSale

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Property Highlights

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$8,250,000.00
Sale Price:
$8,250,000.00
Price/SF:
Unlisted
CAP Rate (%):
Unlisted
NOI:
Unlisted
Net Lease:
Unlisted
Gross Leasable Area (SF):
Unlisted
Total Lot Size (SF):
368,953
Occupancy (%):
Unlisted
Population Range:
Unlisted
Household Income:
Unlisted
Traffic Counts:
Unlisted
County:
Unlisted
Zoning:
Unlisted
Market:
Unlisted
Submarket:
Unlisted
Lot:
Unlisted
Block:
Unlisted
Bldg. Size:
91,910
Net Rental Area:
Unlisted
Number Of Floors:
Unlisted
Number Of Units:
Unlisted
Year Of Build:
Unlisted
Year Of Renovation:
Unlisted
Vacant SF:
Unlisted
Price/SF:
Unlisted
Parcel Number:
Unlisted
Tenancy Type:
Unlisted
Construction Status:
Unlisted
Construction Type:
Unlisted
Sprinkler:
Unlisted
Owner Occupied:
Unlisted
Parking Ratio:
Unlisted
Parking Cost:
Unlisted
Mass Transit:
Unlisted
CAM:
Unlisted
Utilities:
Unlisted
Price Per Acre:
Unlisted
Divisible:
Unlisted
Divisible Min:
Unlisted
Divisible Max:
Unlisted
Property Taxes:
Unlisted

Property Description

SRS Real Estate Partners is pleased to extend an initial Call for Offers on Patton Square - a 91,910 +/- SF neighborhood center anchored by BI-LO and located in Woodruff, SC within the Spartanburg, SC MSA. Necessity-Based Anchor: BI-LO Anchored by BI-LO - one of only two grocery-anchored assets in the area, Patton Square provides necessity-based shopping for community consumers and a sustainable grocery-anchored asset for investors. BI-LO has a notably loyal following in the Carolinas and tends to be a favorite among grocery shoppers in more suburban locations. Woodruff' s Main Traffic Corridor Patton Square is situated along Woodruff' s main traffic corridor, S Main Street, in the heart of Downtown. S Main Street accommodates 14,100 vehicles as a part of US-221 and provides ease of access to Interstate 26 just to the north of the Property. Lack of Competition Patton Square benefits from being home to one of only two true grocers in a 12 mile radius. With minimal surrounding competition, Patton Square serves as not just a neighborhood shopping center but a community destination, drawing consumers from nearby towns like Youngs, Moore, Enoree, Cross Anchor and more. Advantageous Visibility & Access Ripe with the fundamentals which spell long-term success for shopping centers, Patton Square has a traditional layout, enabling it excellent visibility and access.

Location Description

Spartanburg, SC MSA at a Glance Patton Square is located in Woodruff, South Carolina within Spartanburg County in the heart of the Spartanburg, SC MSA. It is also part of the greater Greenville-Spartanburg-Anderson, SC Combined Statistical Area which is home to almost 1.45 million people a 5.6% increase since 2010. The 11th fastest-growing region in the country, the Greenville and Spartanburg areas are part of an interstate corridor which continues to see rapidly budding business and corporate growth. Greenville/Spartanburg/Upstate Highlights " Strategically located between Charlotte, NC and Atlanta, GA. " Greenville and the Upstate region serve as the economic hub for South Carolina. " The Upstate area is home to over 100 Fortune 500 firms and more than 1,400 manufacturing companies. " The city of Greenville has more than 250 international firms from 26 nations. " Within the U.S., the Upstate area has the highest international investment per capita. " Clemson University and Furman University are both located within in the region. Additionally, Clemson' s MBA campus is located within Greenville' s city limits.