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12175-12189 Greenville Hwy
Lyman, SC 29365

45,704+/-SF Grocery-Anchored Ctr · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Retail
Building Size
45,704 SF
Building Class
B
Year Built
2002
Tenancy
Multiple
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.13
Lot Size
7.82 AC
Parking
220 Spaces (4.81 Spaces per 1,000 SF Leased)

Amenities

  • Pylon Sign
  • Signalized Intersection

About 12175-12189 Greenville Hwy , Lyman, SC 29365

SRS Southeast Investment Sales, as exclusive broker, is pleased to offer Lyman Corners - a 45,704 +/- square foot neighborhood center anchored by BI-LO - located in Lyman, SC within the Spartanburg, SC MSA. Comprised of a national grocery anchor which accounts for approximately 92% of the tenant roster and an overall line-up of 97.4% national and regional retailers, the complexion of the rent roll at Lyman Corners shows the stability and sustainability of what is the dominant grocery-anchored center in the market. With over nine years of remaining lease term and continuing to report phenomenal sales exceeding $385 PSF, BI-LO has seen sales climb 19% since 2008 while averaging $395 PSF over the last four years. National outparcel draws for the Property count CVS (NAP) and Pizza Hut (NAP), creating additional consumer draw for Lyman Corners in conjunction with nearby quick-serve restaurants. Lyman Corners is situated in the middle of Spartanburg County between Spartanburg, SC (11 miles to the east) and Greenville, SC (17 miles to the west). Part of the Spartanburg, SC MSA and situated in a bedroom community for Spartanburg, Greer and Greenville, SC, Lyman Corners is positioned at Lyman' s main and main retail intersection, just 3.5 miles west of Interstate 85. It fronts W Greenville Hwy (US-29) with a solid combined traffic count of 29,000 VPD. Part of a growing market, the surrounding demographics for Lyman Corners reflect a projected annual growth rate of about 1.15% through 2020 within a 5-mile radius. Situated fronting W Greenville Hwy (US-29), the Property serves a unique and very necessary niche between Spartanburg to the east and Greer and Greenville to the west. The Center accesses a customer base that not only includes neighborhood shoppers local to Lyman, but also commuters travelling to and from work between larger cities like Spartanburg and Greenville.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
5-15-07-002.00
Land Assessment
$96,662
Improvements Assessment
$201,418
Total Assessment
$298,080
  • Listing ID: 6606754

  • Date on Market: 4/4/2017

  • Last Updated:

  • Address: 12175-12189 Greenville Hwy, Lyman, SC 29365

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