Do you think Sumter Square is a good investment?
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Sumter Square is a 1031-exchange eligible, 66,700+ square-foot shopping center anchored by a top performing grocer. At current occupancy of 85%, there is an opportunity to grow NOI and add value through the lease-up of two vacant spaces. The center is located in Sumter, South Carolina, approximately 40 miles outside Columbia, South Carolina. Built in 1972, Sumter Square is a neighborhood institution, well-matched to its blue-collar market, offering close alignment with FNRP’s necessity-based thesis. Sumter Square is anchored by the best-performing Piggly Wiggly in the state with strong performing sales (per RetailStat).
Terms
Min. Investment$50,000
Target Cash Yield5.25%-5.75%
Target Return13 - 14%
Property TypeGrocery Anchored
Target Hold Period4 - 5 years
Close Date–
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What is the target cash yield?
Target cash yield is 5.25 - 5.75%
What is the minimum investment amount?
Min. investment is $50,000
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