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Classic Auction - Retail

REO Sale | Widewater Square Shopping Center

3315 Broad River Road, Columbia, SC 29210

  • Asset Type
  • Real Estate
  • Property Type
  • Retail
  • Land Area
  • 10.25 Acres
  • Year Built
  • 1976
  • Year Renovated
  • 2003
  • Number of Buildings
  • 3
  • Parking Count
  • 453
  • Occupancy
  • 43.00%
  • Occupancy as of
  • Oct 01, 2021
  • Retail Type
  • Community Center
  • Anchor
  • No
  • Property Size
  • 106,457 Sq Ft

Value-Add Retail | Significant Upside Potential

Investment Highlights

  • Value Add Investment: excellent value-add opportunity at only 43% leased including a vacant, former grocery anchor box.
  • Diversified In-place Income: in-place income generated from 12 tenants ranging from local to regional and national.
  • Prominent Position: Ideally positioned on a large parcel at an extremely busy intersection/road (35k VPD).
  • Upside Potential: Significant upside potential by leasing up, redeveloping, or repositioning the Property.
  • Strong Market: Exceptional property appreciation and regional/national tenant attraction given the strong market fundamentals of Columbia, SC and the Carolinas as a whole.  
  • Convenient Access: Located just 7.3 miles from the central business district of the fast-growing city in South Carolina (Columbia), the State Capital and home to the University of South Carolina.
  • Growth Location: Ideally situated in a dense and growing neighborhood with limited retail center competition in the immediate surrounding area. 

 

Offering Details

Atlantic Capital Partners, in conjunction with RI Marketplace, is pleased to offer for sale Widewater Square (the "Property") a value-add community shopping center located just 7.3 miles from the central business district of Columbia, SC, the fast-growing city in South Carolina, the State Capital and home to the University of South Carolina.  With limited retail center competition in the immediate surrounding area, a dense and growing neighborhood/population, and a large parcel on an extremely busy road (35k VPD), Widewater Square is prime for reposition/redevelopment. A new owner will have the opportunity to capture regional/national tenant attraction and exceptional property appreciation given the strong market fundamentals of Columbia, SC and the Carolinas as a whole. 

Totaling 3 buildings and ~106,457 square feet, Widewater Square is currently 43% occupied with 12 tenants, comprised of local, regional, and national tenants, creating a synergistic relationship amongst the tenant line-up. Mainly occupied by service-oriented tenants, the Property has been able to withstand the difficult circumstances that the COVID-19 pandemic brought upon many retailers all across the world. 

Widewater Square provides an investor with an excellent opportunity to acquire a shopping center with stable in place income and significant upside potential by leasing up, redeveloping, or repositioning the property.

Tours

Site Visit Dates: October 7th or October 14th. Please contact the Atlantic team to schedule your tour of the Property.

Disclaimer: The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions.

Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace, (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property.

You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.

Platform Fee

The platform fee for this transaction is the greater of 5.00% or a minimum of $25,000.

Need Help?

Have questions about Marketplace? You can reach us at 800.915.7015 or info@rimarketplace.com.

Auctioneer

  • Lamar P. Fisher

    Fisher Auction Company Inc.

    License: 3981 Co: 3996