Shoppes on Calhoun presents an exceptional investment opportunity with a WALT of seven years and embedded base rental increases of 2% to 3% annually. Recent capital improvements, including a roof replacement in 2016 and parking lot work completed in 2024, ensure minimal near-term capital expenditure requirements for a new owner. The rent roll features resilient healthcare tenants providing in-demand services, such as ear medicine, urgent care, and physical therapy, which are well-insulated from e-commerce disruption. Strategically located across from an Ingles Grocery Store and a newly opened Chick-fil-A, the property benefits from high foot traffic and proximity to major retailers, including a Walmart Supercenter, Academy Sports, Sam’s Club, and Hamrick’s, all within a 1-mile radius. Placer AI ranks the nearby Walmart in the top 72% nationwide, 90% in the state, and 100% within a 30-mile radius for customer visits, highlighting the area’s strong retail draw.
Furthermore, the SC-153 extension project will enhance connectivity and reduce congestion with a new 3.4-mile route featuring bike paths. The surrounding area is supported by a growing population of 28,905 residents within a 3-mile radius, projected to increase by 1.22% annually through 2029, with an affluent average household income of $88,135. Notably, Bon Secours, one of the nation’s largest Catholic healthcare systems, acquired the AFC Urgent Care lease in 2023, extended its term through 2036, and took over operations. Additionally, recent lease renewals by CORA and Miracle Ear demonstrate the location’s desirability and tenant commitment, making this property an outstanding, low-risk investment in a thriving market.