NORFOLK, VA (December 2021): SLN Capital Markets, a division of S.L Nusbaum Realty Co., has brokered the sale of a freestanding grocery store in Greenwood, S.C.
The asset, a 48,466 square foot Food Lion, sold off market for $5,383,073. A private fund in California purchased the property as an investment. Food Lion recently extended its lease after the seller made significant capital improvements to the property.
“We were able to leverage the new long-term lease, the capital improvements and the great credit of the tenant to maximize value for our client,” said Doug Aronson, Senior Managing Director of SLN Capital Markets, who represented the seller, a private entity based in Virginia. “Investors are still looking for solid, dependable investments, even in smaller markets, if the fundamentals make sense.”
For more information, contact: Doug Aronson, 757.282.6510, daronson@slnusbaum.com.
