Updated Dec 4, 2024
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
Simpsonville Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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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