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South Lake Pointe 1123 S Lake Dr

44,318 SF 100% Leased Retail Building Lexington, SC 29073 $1,500,000 ($34/SF) 8.26% Cap Rate

Retail Space South Carolina Lexington 1123 S Lake Dr, Lexington, SC 29073

Investment Highlights

  • Lexington County is the highest income suburb of the Columbia MSA
  • Strong traffic counts
  • Located less than 1 mile from I-20

Executive Summary

Roses anchored shopping center
Dynamic location in SC’s largest MSA
83% of GLA occupied by national users
100% occupied center
NOI growth potential due to below market rental rates
Ability to acquire significantly below replacement cost
Stability with no tenant expirations until 2026
Landlord flexibility with only 5 of 11 tenants having renewal options

Data Room Click Here to Access

Property Facts

Sale Type
Investment
Property Type
Retail
Building Size
44,318 SF
Building Class
B
Year Built
1997
Price
$1,500,000
Price Per SF
$34
Cap Rate
8.26%
NOI
$123,840
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.15
Lot Size
6.78 AC
Zoning
ID
Parking
178 Spaces (1.81 Spaces per 1,000 SF Leased)
Frontage
346 FT on Lake Dr

Amenities

  • Pylon Sign
  • Signalized Intersection
  • Drive Thru
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Nearby Major Retailers

Truist
Biggby Coffee
Waffle House
Maurice's Piggie Park BBQ
CrossFit
The YMCA

PROPERTY TAXES

Parcel Number 005499-05-017 Improvements Assessment $103,068
Land Assessment $61,932 Total Assessment $165,000

PROPERTY TAXES

Parcel Number
005499-05-017
Land Assessment
$61,932
Improvements Assessment
$103,068
Total Assessment
$165,000
(706) 564-8556

Contacts

  • Listing ID: 34346004

  • Date on Market: 1/2/2025

  • Last Updated:

  • Address: 1123 S Lake Dr, Lexington, SC 29073

More public record information on 1123 S Lake Dr, Lexington, SC 29073

The Retail Property at 1123 S Lake Dr, Lexington, SC 29073 is currently available for sale. Contact Palomar Group for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

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South Lake Pointe | 1123 S Lake Dr
(706) 564-8556 x

South Lake Pointe | 1123 S Lake Dr

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Steve Collins

(706) 564-8556

(706) 564-8556

Ryan McArdle

(706) 631-8897

(706) 631-8897

David Rivers

(706) 854-6731

(706) 854-6731

Brent Hadden

(706) 993-5010

(706) 993-5010

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