1031 Exchange TIC Property: Anderson Station ♦ Anderson (Greenville), South Carolina

Credit-Tenant-Anchored Retail Power Center

Minimum TIC Investment $350,000

Located at 100 - 186 Station Drive, Anderson, SC 29261, Anderson Station Shopping Center is a 243,663 square foot retail power center located in Anderson, South Carolina. The property is anchored by a prominent lineup of national retailers including Bed Bath and Beyond, Old Navy, Ross, H.H. Gregg, Hobby Lobby, Pier 1, Party City, Dollar Tree and Shoe Carnival.

Anderson Station is strategically located at the west corner of US 76 and the Highway 28 Bypass, positioned in Anderson as part of the Anderson Greenville-Spartanburg MSA with a population of approximately 936,000. Anderson County also offers the most reasonable residential housing in the MSA and a very affordable cost of living. Anderson County boasts corporate commitment with companies such as BASF, Ryobi Motor Products Corp., Michelin Tire and Allied Signal. The primary trade area includes 271,215 residents with an average household income of $48,886. In addition to the strong corporate commitments, Anderson Station serves the tourist and year-round residences to the southwest at Lake Hartwell.

• $32,654,360 acquisition price (approx.)
• $13,944,000 equity investment (approx.)
• 6.82% CAP rate (approx.)
• 7.00%+ year one cash-on-cash yield(pro forma) (approx.)
• Built in 2001
• 243,663 Total Leasable Square Feet
• 92.60% occupancy (as of 12/22/05)
• Anchored by Bed Bath and Beyond, Old Navy, Ross, H.H. Gregg, Hobby Lobby, Pier 1, Party City, Dollar Tree and Shoe Carnival
• Located in sub-market with Lowe’s, Target, Wal-Mart, Publix, K-Mart, Best Buy, Michaels, Office Depot, Circuit City, TJ Maxx, and various other national and regional retailers
• Over 85% of the property’s square footage is leased by nationally
  recognized tenants

Contact me for further details and/or property photos.