Dillon Shopping Center

Price: $4,065,000
Sq. Ft.: 21,600
Cap Rate: 7.25%
Built: 2008
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WALMART SHADOW CENTER | 21,600 SF | DILLON, SC
• 21,000 SF fully occupied Walmart shadow center in a stable I-95 corridor market
• Walmart shadow-anchored (Dollar Tree + Cato as primary tenants) with no dark history and strong local performance
• Located within Dillon’s dominant Walmart retail node, the primary daily-needs shopping destination for the surrounding trade area
• Ranked the #1 most visited shopping center in Dillon, SC.

STRONG NATIONAL / REGIONAL TENANT MIX
• Anchored by Dollar Tree and Cato, supported by necessity-oriented inline tenants including Jersey Mike’s, Cricket Wireless, Tokyo Japanese Restaurant, and Envious Nails
• 56% credit tenancy provides stability uncommon for tertiary retail markets
• Average tenant tenure of ~10.9 years demonstrates durable local performance and established consumer draw

PROVEN FOOT-TRAFFIC PERFORMANCE VS NATIONAL PEERS
• Dollar Tree ranks within the top ~80th percentile nationwide
• Cato performs within the top ~75–80th percentile nationwide
• Cricket performs in the top ~85th percentile nationwide
• National chain performance metrics reinforce the center’s position as a dominant necessity retail destination within the Dillon trade area

STABLE INVESTMENT | NEAR-TERM VALUE-ADD OPTIONALITY
• Weighted Average Lease Term: ~2.4 years, creating clear opportunities for renewal mark-to-market and leasing strategy execution
• Conservative underwriting supports ~15%+ potential NOI growth through tenant renewals and strategic re-tenanting
• 100% occupied with no near-term vacancy risk, allowing investors to capture stable income while executing rollover upside

DOMINANT RETAIL POSITIONING WITH I-95 EXPOSURE
• Positioned directly along Radford Boulevard with immediate access to Interstate-95 (~40,000 VPD) — one of the busiest freight and tourism corridors on the East Coast
• Only Walmart in a 30 mile radius, serving a wide regional trade area with limited competition
• Walmart shadow positioning allows the center to capture both local necessity demand and interstate traveler traffic

STABLE TERTIARY MARKET SUPPORTED BY LOGISTICS & REGIONAL DRAW
• Dillon operates within the Florence regional employment corridor, benefiting from commuter access to major healthcare, manufacturing, and logistics employers
• Key regional drivers include Harbor Freight Distribution Center, Mcleod Health Dillon, regional manufacturing users, Interstate-95 logistics employment, plus roadside attractions like South of the Border
• Limited retail competition in the immediate node – The market serves as a regional retail hub for surrounding rural communities, supporting consistent necessity-based consumer spending