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South Carolina

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Retail

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910 South Street

Updated Dec 4, 2024

SOLDRetail

NAI Charleston Acquires SavWay South Carolina Portfolio Of 7 Convenience Stores

910 South Street

$7,800,000

$44/SF

Building Size

175,546 SF

Asset Type

Retail

Closing

Dec 29, 2023

About this deal

AI

The SavWay South Carolina Portfolio, consisting of 7 convenience stores, was recently sold in a closed transaction. The portfolio is located at 910 South Street, 13330 Highway 76, 1004 Highway 86, 202 Highway 20, 110 Highway 20, 80 Main Street, 309 East Main Street, and 3224 Greenpond Road in South Carolina. The total square footage of the retail assets is 175,546.8.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Address: 910 South Street, 13330 Highway 76, 1004 Highway 86, 202 Highway 20, 110 Highway 20, 80 Main Street, 309 East Main Street, and 3224 Greenpond Road
  • Market: South Carolina
  • Seller's Representative: Welles Worthen - NAI Charleston
  • Buyer's Representative: Sai Thakor - Marcus & Millichap

NAI Charleston and The Luna-Thakor Group, represented by Sai Thakor from Marcus & Millichap, are thrilled to announce the successful acquisition of the SavWay South Carolina Portfolio. The buyer, one of the fastest-growing operators in the nation, recognized the potential of these convenience stores and was eager to add them to their portfolio. This closed transaction highlights the continued growth and investment in the retail sector in South Carolina.

Players

Sai Thakor

CBRE

Broker

$110.6M

vol

29 deals

Broker

Simpsonville Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Deal FAQ

About $44 per square foot on a published $7.8M for 175,546 square feet (2023).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.03%

Cash-on-Cash

-0.58%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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