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This offering consists of a CVS/Pharmacy in Marion, South Carolina. The lease has a primary term of 22 years with approximately 14 years and 9 months remaining. The lease is NN. The tenant pays all operating expenses except the cost of roof and structural repairs. The net operating income for the property reflects an annual reserve for such expenses. CVS/Pharmacy is a division of CVS Health Corporation which is traded on the New York Stock Exchange (NYSE: CVS) and has a Standard & Poor' s credit rating of BBB+ (investment grade). CVS currently operates over 7,800 retail pharmacies in the United States and Brazil.
90% of the center is rented out by Food Lion, 3% by a Chinese Restaurant, and 2 vacancies. It has a 5 year lease still remaining and 4 renewals.
This is an excellent opportunity to be located on a prime thoroughfare in Marion with excellent visibility in a vibrant grocery-anchored shopping center along with neighboring Tenant' s of Farmer' s Home Furniture and Cititrends. The US Highway 76 Corridor is Marion' s heaviest traveled commercial and commuter thoroughfares in the county. The area is a vibrant commercial sector that is home to a variety of commercial entities including: professional and financial/banking services, food and beverage and many national and local retail businesses. Available for sale is +/- 8,000 square foot open space with storage room and 2 restrooms. This layout allows for the ability to customize the interior to suit most individual preferences. The site is highly visible and easily accessible from US Highway 76. For Sale at $189,000. Will Consider Lease at $2,500 Per Month 3 Year Minimum Lease
PRICE REDUCED!!! 28K+/- Sq. Ft. Center on 4.48 acres with a pad site. Must sell as another project is demanding more attention. As-is. Also available for lease at an incredibly low $1-$3 sq. ft.
North Main Plaza is a Food Lion anchored center located at 1318 N Main Street in Marion, SC. The center has seen upward trending sales over the last 3 years with a 7% increase in sales in 2014. The center is located near historic downtown Marion, a growing market in South Carolina.