Firm Overview Listings Shopping Centers Single-Tenant 1301 Exchanges
Rob Carter
704.379.1982 Office
704.379.1988 Fax
carter@berkeleycap.com
Alex Quarrier
704.714.2365 Office
704.379.1988 Fax
quarrier@berkeleycap.com
   
Little River Pavilion

OFFERING SUMMARY

Berkeley Capital Advisors, LLC has been retained by the Seller as the exclusive agent to arrange the sale of Little River Pavilion, a Lowes Foods anchored shopping center located Little River, SC. The Property boasts an attractive design and is scheduled to open in the Summer of 2006. Little River Pavilion is being offered without an asking price.

SUBMARKET OVERVIEW

Little River Pavilion is located on US Highway 17 (Heather Lakes Drive) at the Highway 179 (Sky View Road) interchange in Little River, SC. The Property benefits from the tremendous growth in the greater Myrtle Beach area. The Center is anchored by Lowes Foods, a subsidiary of Alex Lee, Inc. Lowes Foods operates over 100 stores in North and South Carolina.

 

DEMOGRAPHICS
   
  1-Mile 3-Mile 5-Mile  
2006 Est. Population: 2,291 13,067 25,630  
Population Growth 2000-2006: 14.49% 15.45% 20.49%  
Population Growth 2006-2011: 10.96% 11.49% 14.29%  
2006 Est. Average HH Income: $60,922 $59,195 $61,504  
OFFERING MEMORANDUM & FILES
Little River Offering Memorandum
 
Profiles
  Map/Directions
Year Built: Summer 2006
Occupancy: 77%
Address: US Highway 17 & SC Highway 179
Major Tenants: Lowes Foods
Outparcels: Not included in offering, but available at retail
Traffic Counts:  
  US Highway/Heather Lakes Drive: 32,000
  SC Highway 179/Ski View Road: 11,200
   
Anchor Tenants Lease Expiration Square Feet
Lowes Foods Term: 20 years n/a
   
NET OPERATING INCOME $814,988
   
CAP RATE -
   
OFFERING PRICE Unpriced
©2006 Berkeley Capital Advisors - 831 East Morehead, Suite 650 // Charlotte, South Carolina 28202 // 704-379-1980
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