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Family Dollar/dollar Tree Center 12520 Main Street, Williston, SC 29853
Property Description
100% occupied retail center in Williston, SC available for sale. Anchored by Family Dollar/Dollar Tree, this center also has World Finance, Subway, and three other local tenants. Property includes 4 residential lots at the rear of the property that could be sold or developed.
Family Dollar/Dollar Tree: 10,100 sf
Williston Vapor LLC: 5,291 sf
Subway: 1,500 sf
World Finance: 1,000 sf
Promise Source Logistics: 1,000 sf
Bates Family Hair Affair: 1,250 sf
Area Description
Williston is a small charming town in the county of Barnwell, South Carolina. In the 2019 estimate census, there were approximately 2,965 residents living in this area. There are three schools in the town: Williston-Elko High School, Williston-Elko Middle School, and Kelly Edwards Elementary School. The town also contains a private school in Blackville, Jefferson-Davis Academy, which also serves a portion of the town's population. The U.S. Route 78 passes through the center of the town, leading east 9 miles to Blackville and northwest 21 miles to Aiken. Williston is also only a one hour drive to Columbia, South Carolina’s capital. Due to the cities close proximity, Aitken's economy affects Williston’s. The economy of Aiken, SC employs 12,429 people. The economy is specialized in Utilities, Arts, Entertainment, Recreation, and Manufacturing. The largest industries in Aiken, SC are Healthcare and Social Assistance, Manufacturing, and Retail trade. The median household income in Aiken, SC is $54,442. Aiken County is seeing a boost in population, sales tax revenue and value of home sales, and a decrease in unemployment, according to the 2017 Regional Economic Benchmarking Report for Aiken County. For the last 30 years, Aiken has hosted its annual Aiken Spring Steeplechase. This event helps the area’s economy by drawing more than 30,000 spectators from all over the world to see the small city’s pristine horses. Williston lies in the center of the Charleston-Hamburg railroad line, which is the line of the Best Friend Locomotive. The train tracks were removed in the 1990’s, but the track site has been designated as historically significant by the South Carolina Department of Archives. This section of the train route is now part of the South Carolina Heritage Corridor. The town also contains one of the very few intact, gable-front Greek Revival residences named the Ashley-Willis House. It was listed in the National Register of Historic Places on June 22, 2004.
Highlights
8.4% CAP, 100% Occupancy, NOI is $83,759
Full Address: 12520 Main Street, Williston, SC 29853
Listing Type: FOR SALE
Status: Active
Occupancy Rate: 100
Building Class: B
Zoning: Core Commercial (CC)
Region: E-ME
County: Barnwell County
Closest Cross Streets: Main St at Kelly St
Use Type: Retail
Property ID: 4074268
Has Sewer: Yes
Has Water: Yes
Has Electric: Yes
Has Waste: Yes
High Docks: Yes
Power: Yes
Has Broadband: Yes
Heating: Yes
Cooling: Yes
Has Gas: Yes
Has Sprinkler: Yes
Building Construction: Steel, Block
Roof: Metal
Building Sf: 20141
Parcel Num: 047-07-08-004
Number Units: 6
Number Buildings: 1
Year Built: 2005
Number Parking Spaces: 101
Cap Rate: 8.47
Tenancy Type: Multi-Tenant Anchored
8.4% CAP, 100% Occupancy, NOI is $83,759
Cash On Cash: 8.59
Cash Flow Type: Actual
Cf Op Expenses: 47798
Cf Pre Tax: 53016
Cf Effective Gross: 131557
Cf Year: 2024
Cf Sched Income: 110437
Cf Capital Costs: 34159
Cf Net Op Income: 83759
Cf Reimbursement: 21121
Cf Vacancy: 3
1: Family Dollar/Dollar Tree Occupied: 10100 SF Lease Expiration: 6/30/2030
2: Williston Vapor LLC Occupied: 5291 SF Lease Expiration: 4/30/2026
3: Subway Occupied: 1500 SF Lease Expiration: 1/31/2027
4: World Finance Occupied: 1000 SF Lease Expiration: 6/30/2028