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Food Lion Marion South Carolina

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Property Description

Food Lion Shopping Center 1318 N. Main Street Marion, SC 29541

Price: $3,000.000
Cap: 8%
Sales Per Sq Foot: $243.26
Lease: Net Lease Investment with 3 years left on the lease

Corporately guaranteed lease by Delhaize America, Inc (DEG)

Neighborhood Shopping Center
Very little competition - 
One of the few grocery stores in the area within 2 miles.
Low Rent to Sales Ratio 3% 

Major Corporate Guarantor: Food Lion (NYSE: DG)
Investment Grade Tenant accounts for 89% of Income
Renovated in 2011
Value add opportunity with 2,400 sq feet available for lease.

North Main street is the main road that runs between Mullins, Pee Dee and Marion SC
Located 1 hour from Myrtle Beach, SC via Hwy 501

Purchase Price: 3,000,000
Annual Rent: $240,000 annually
Cap Rate: 8%
Term: 2.5 years

 

Food Lion Marion South Carolina

1318 N. Main Street, Marion, SC 29541

$3,000,000

 Catherine Vaughn

Email: cvaughn@birchinlanerealty.com

Office Phone: 843.408.0858 Ext: 1

Mobile Phone: 843-437-7310

Fax: 843.414.5209

Transaction Type: Sale

Property Type: Retail

Available Space: 36,690 SF

 Offering Memorandum  Make An Offer