For Auction

REO | Anderson Mall - Regional Mall Opportunity

3131 North Main Street,
And, SC 29621Represented by
Newmark

Asset Snapshot

Real Estate
Asset Type
Retail
Property Type
Regional Mall
Retail Subtype
1972
Year Built
2013
Year Renovated
2
Building Count
1,593
Parking Spots
33.62 Acres
Land Area
86.9%
Occupancy
Occupancy As Of
Yes
Anchor
Belk (Unowned), Dillards (Unowned), JC Penney
Anchor Tenant(s)
315,422 SF
Property Size

Offering Summary

Investment Highlights

  • Anderson Mall is the only regional mall within a 35-mile radius, making it home to a trade area of over 400,000 shoppers.
  • Rare opportunity to acquire a regional mall with substantial value-add opportunity through the lease-up of the dark anchor box and in-line space with non-traditional retail uses.
  • Low living and business costs make Anderson an attractive landing spot for both families and businesses alike.
  • Well situated in the Upstate region with excellent accessibility along the Interstate-85 corridor, one of the heaviest traveled highways in the southeast.
  • Anderson and the larger Upstate region have a thriving business climate, with major industries including manufacturers of automotive products, metal products, industrial machinery, plastics, publishing, and textiles.
  • Numerous tenants feature exterior entrances, a strategic design that will facilitate the Mall’s long-term repositioning.


The Offering

Newmark and RealINSIGHT Marketplace are pleased to present to qualified investors the opportunity to acquire Anderson Mall, a strategically located regional mall in Anderson, South Carolina.  Anderson Mall consists of approximately 670,640 square feet of gross leasable area, of which 315,442 SF of gross leasable area is owned and included in this offering (the "Property"). The offering represents a unique opportunity to acquire an established asset with numerous avenues of value enhancement.

The Property is located on the heavily trafficked interstate 85, approximately 127 miles north of Atlanta, Georgia and 132 miles south of Charlotte, North Carolina, and is the only regional mall within a 35-mile radius - making it home to a trade area of over 400,000 shoppers.  Anderson Mall is anchored by Belk (134,639 SF, unowned), Dillard’s (126,215 SF, Unowned) and JCPenney (125,020 SF), and is complemented by a well-curated mix of national and regional retailers including American Eagle, Bath & Body Works, Books-A-Million and Hibbett Sports. The Property serves as the retail hub, surrounded by strong national retailers including Best Buy, Home Depot, Kohl’s, Lowe’s, Target and Walmart.

Property Tours

Please contact the Newmark team to arrange your tour.

Due Diligence

Transaction Manager

Neil McKenna
Marketplace
(800) 915-7015nmckenna@realinsight.com

Platform Fee

Buyer pays a minimum platform fee of 5% or $25,000 at closing.

How it Works

Learn about bidding, reserve prices, and closing.

Read the auction guide

Auctioneer

Lamar P. Fisher
Fisher Auction Company Inc.
License: 3981
Co: 3996

Need Help?

Your transaction managers are your first point of contact for any auction or process questions. For additional support:

info@rimarketplace.com800-915-7015

Closed

This asset was part of the December 8th 2021 auction event, resulting in a successful transaction that closed in just 35 days.
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Investment Sales Brokers

Thomas Dobrowski
Newmark
(917) 974-9196thomas.dobrowski@nmrk.com
Katharine French
Newmark
(212) 372-0736katharine.french@nmrk.com
RB
Rhett Batanides
Newmark
SC License: 91633

Disclaimers

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.