148 Walnut Ln
Travelers Rest, SC 29690

In 2021, Food Lion signed a new 10 year lease for +67% of the center demonstrating Food Lion’s long term commitment to the center and market.
Asking Price of less then $94/SF is well below replacement cost.
Stabilized Value-Add Opportunity allows Investors current cash flow while benefiting from low Average Base Rents of only $6.76/SF NNN which are well below market offering potential upside and appreciation.
Weighted Average Lease Term (WALT) of ~4.57 years remaining with minimal landlord responsibilities.
Diverse Tenant Mix and Staggered Lease Expirations offers investors more diversity and stability.
Recently upgraded large LED pylon sign offers maximum visibility for all tenants
Owner completed a Roof Overlay on entire shopping center in 2022: 60 mil PVC, 20-year warranty: ($304,352).
Owner repaved the back Drive Lane of the shopping center in 2022: ($126,000) and Painted the Shopping Center in 2023: ($20,000).
Nestled in the heart of Travelers Rest, SC, a highly sought after and rapidly expanding suburb community of Greenville, SC, the property ensures convenient access to neighborhoods, highways, community amenities, the mountains and a mere 8-mile drive to downtown Greenville.
Located down the street from the new Pinestone Development that features a mix of residential and commercial spaces, including apartments, townhomes, neighborhood retail, and office areas, such as medical facilities, designed to support both the community’s residents and the surrounding area.
Centrally located to major retails and traffic drivers such as Walmart, Chick-Fil-A, Tractor Supply, CVS, Walgreens, Car Dealerships and the attractive downtown Main Street of Travelers Rest, SC.
The “Upstate” of South Carolina is one of America’s hottest emerging destinations and fastest growing MSA’s. Centered along the intersection of two major interstates (I-26 & I-85), the area has become host to more than 110 international firms, including BMW, Michelin, GE, Lockheed Martin Aircraft, and many more. Greenville’s revitalized downtown is ranked among “America’s Ten Best” and Spartanburg is the home of more per capita international investment than anywhere else in the country.
South Carolina is a popular market for real estate investors looking to profit from the State’s rapid appreciation rates and strong economy due to the low cost of living, business friendly environment, right-to-work policies, abundant workforce, and overall high quality of life.