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Value-Add FSR Near I-20 and Major Flag Hotels 212 Wall St

4,490 SF Vacant Retail Building Online Auction Sale Camden, SC 29020

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Virtual Tour

Investment Highlights

  • 212 Wall Street provides users and investors a freestanding full-service restaurant in a high traffic location in the growing Camden market.
  • Within a vital trade area, home to household-name retailers and numerous major flag hotels, providing a robust built-in customer base.
  • Boasts desirable features, including a wrap-around covered entryway, abundant parking, professional landscaping, and prominent monument signage.
  • Positioned just off Interstate 20 and with direct visibility to the Sumter Highway, the property enjoys daily traffic exceeding 50,000 vehicles.

Executive Summary

Atlantic Retail offers users and investors the opportunity to acquire the fee simple interest in 212 Wall Street, a freestanding full-service restaurant with a prime, high-traffic location in Camden, South Carolina.

Formerly the Fatz Café, the 4,940-square-foot property provides a running start for business owners looking to gain a foothold in the Kershaw County seat. Conversely, a value-add investor can lease the property and benefit from a robust recent submarket performance. Across Kershaw County, the vacancy rate in general retail properties is just 1.6%, with rent growth of more than 15% over the past three years. 212 Wall Street offers desirable features, including an open central layout, a full bar, a large commercial kitchen space, and high ceilings. The exteriors boast a beautiful lodge-style façade, a wrap-around covered entryway, abundant parking, and monument signage, all surrounded by beautiful landscaping with old-growth trees.

Placed just off Interstate 20, with direct visibility from the Sumter Highway, the property can leverage the high daily traffic of more than 50,000 passing vehicles. Neighboring household-name retail brands include McDonald’s, Popeyes, Waffle House, Exxon, Shell, and Circle K. Already a prominent hospitality cluster, area retailers enjoy access to a built-in audience of customers at the nearby Comfort Inn & Suites, Hampton Inn, and Holiday Inn Express, with a new Springhill Suites by Marriott currently under construction. Numerous annual events in the historic city draw many visitors to the hotels surrounding the property. Also nearby, the Central Carolina Technical College and Woolard Technology Center are attended by approximately 3,140 students.

The oldest inland city in South Carolina, Camden played a significant role in the American Revolutionary War, serving as a major supply depot for the Continental Army. Today, Camden preserves its historical charm with well-preserved pre-Civil War homes, cobblestone streets, and a vibrant downtown that showcases its Southern history. In addition to its historical significance, Camden is known for its equestrian culture and hosts the annual Carolina Cup, one of the premier steeplechase events in the United States. The city’s picturesque landscape, surrounded by lush greenery and the scenic Wateree River, provides a serene backdrop for outdoor enthusiasts. Residents and visitors enjoy exploring the Revolutionary War-era sites, participating in equestrian events, and experiencing the warm hospitality that defines Camden, making it a delightful destination for those seeking a blend of history, culture, and natural beauty in the Palmetto State. This steady stream of visitors enhances the area’s significant pool of potential customers. Within 10 miles, the growing population of over 42,500 contributed more than $122 million in consumer spending on food and alcohol during 2023.

Data Room Click Here to Access

Market Analytics Click Here to Access

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Market Sale Price per SF

Columbia - SC USA

Market Cap Rate

Columbia - SC USA

Market Sale Price per SF by Star Rating

1 - 2 Star

3 Star

4 - 5 Star

Market Cap Rate by Star Rating

1 - 2 Star

3 Star

4 - 5 Star

Market Sale Price per SF Distribution

Market Cap Rate Distribution

Property Facts

Sale Type
Investment
Sale Condition
Auction Sale
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,490 SF
Building Class
C
Year Built
2006
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Land Acres
1.87 AC
Opportunity Zone
Yes
Zoning
MUNICIPAL
Parking
42 Spaces (9.35 Spaces per 1,000 SF Leased)
Frontage
193 ft on Wall St

Amenities

  • Pylon Sign

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • Bldg
  • 4,940 SF
  • Retail
  • -
  • Now

For lease and for sale.

Space Size Space Use Position Available
Bldg 4,940 SF Retail - Now

Bldg

Size
4,940 SF
Space Use
Retail
Position
-
Available
Now

Bldg

Size 4,940 SF
Space Use Retail
Position -
Available Now

For lease and for sale.

DEMOGRAPHICS

Demographics

1 Mile 1 Mi. 3 Miles 3 Mi. 5 Miles 5 Mi.
1 Mile
3 Mile
5 Mile
2024 Population
646
9,622
20,039
2020 Population
561
8,335
18,433
2029 Population
713
10,622
21,921
2024-2029 Projected Population Growth
10.4%
10.4%
9.4%
Daytime Employees
257
7,586
13,074
Total Businesses
33
852
1,400
Average Household Income
$68,640
$59,441
$59,816
Median Household Income
$48,571
$38,172
$41,474
Total Consumer Spending
$8M
$104.1M
$220.4M
Median Age
40.2
42.1
42.4
2024 Households
272
4,136
8,386
Percent College Degree or Above
12%
11%
13%
Average Home Value
$144,925
$213,857
$212,216
$ values in USD

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
C299-00-00-145
Land Assessment
$1,046,003 CAD
Improvements Assessment
$1,290,583 CAD
Total Assessment
$2,336,586 CAD

About the Seller

Oak Street Real Estate Capital, LLC is a private equity real estate firm based in Chicago, Illinois. Oak Street manages both commingled funds and separate accounts on behalf of institutional and high net worth investors, including public and corporate trusts. Oak Street is a minority and women-owned business enterprise.
Read More

Sale Advisors

Sale Advisors

(704) 697-1901
Contact
Robey Spratt, Partner
(704) 697-1901
Contact
Robey has been a broker with Atlantic Retail since 2015, starting shortly after graduating from the University of Mississippi’s school of Business Administration. Robey specializes in site selection, market analysis and strategy, deal negotiations, and dispositions for numerous retailers and restaurants. In addition, Robey works closely with developers and landlords to identify viable development sites and strategically lease their assets.
In his free time, Robey enjoys numerous sports, fishing, skiing, hunting and music. Robey is a life-long North Carolinian and currently resides in Charlotte, NC.
(704) 697-1900
Contact
Daniel Mullin, Partner
(704) 697-1900
Contact
Originally from Manhasset, NY, Dan relocated to Charlotte shortly after graduating from Hobart College. Outside of work, he enjoys coaching youth lacrosse in the South Park area. He lives with his wife, Sarah, and their two Boxers.

Dan specializes in tenant and landlord representation across the Carolinas and Georgia. He has successfully completed multiple transactions with a wide range of retailers, such as Panera Bread, Mattress Firm, Party City, Planet Fitness, and MOD Pizza.

About the Auction Platform

Ten-X Commercial is the leading end-to-end digital transaction platform for commercial real estate. With over $26bn sold, Ten-X’s platform empowers brokers, sellers and buyers with data-driven technology and comprehensive marketing tools to expand market visibility and decrease time to close. Ten-X consistently yields trade rates at two times the industry average. Ten-X expedites the entire CRE transaction timeline by enabling brokers and sellers to tap into a digital platform that makes it easy to onboard properties, evaluate the success of complimentary omnichannel marketing campaigns and follow up on the strongest pre-qualified leads. Buyers are precision-matched with properties aligned with their investment goals, with unprecedented access to market analysis and due diligence documents to help them securely acquire properties online, with confidence.
Read More

Auction Contact

Molly Patten
Auctioneer License: Ten-X Samantha Kristine Corbat RE Brkr 21233. Ten-X Auction Firm 4085. Arlene Richardson Auctioneer 4820
  • Listing ID: 31000528

  • Date on Market: 2024-10-17

  • Last Updated:

  • Address: 212 Wall St, Camden, SC 29020

Transaction Fee Schedule
Based on Percentage of Winning Bid Amount.
Winning Bid Amount Transaction Fee
$0m to < $1m 5.00% ($20,000 min)
$1m to < $3m 3.00%
$3m to < $5m 2.50%
$5m to < $10m 2.25%
$10m to < $15m 2.00%
$15m to < $25m 1.75%
$25m to < $35m 1.50%
$35M to < $45M 1.00%
$45M to < $55M 0.75%
$55M and Up 0.50%
Example Calculation
Winning Bid Amount $4,000,000 Transaction Fee $100,000 (2.5%) Total Purchase Price $4,100,000

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