Nov
23

Lexington Strip Center Sold

By

cedarcrest villageBen Yelm, of Marcus and Millichap represented the seller in the sale  of Cedarcrest Village in Lexington, South Carolina.

Cedarcrest Village is a 14,300 square foot shopping center located at 955 East Main Street in Lexington, South Carolina. The subject property was built in 2008, has excellent visibility from the street, and has 96 parking spaces. The property has access at the signalized intersection of Library Hall and Main Street as well as Swartz Road. Cedarcrest Village Apartments, a 300 unit 2007 construction complex, shares the same signalized intersection. In addition the property has strong traffic counts of 26,000+/- vehicles per day. The property has a nice mix of local tenants including Eastern Buffet, ReMax, Carolina Cocktails, and One Stop Shipping. All leases are triple net and have built in rent increases. The center was 75% occupied.

 

Categories : Columbia, Lexington

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