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SLN Capital Markets Brokers Grocery Store Sale in South Carolina

For Immediate Release
Contact: Susan Childress Vice President, Corporate Marketing Director schildress@slnusbaum.com 757-282-6505
SL Nusbaum X Team
food lion plaza

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.

With over 115 years of expertise in the real estate industry, S.L. Nusbaum Realty Co. manages, develops and provides sales and leasing services for shopping centers, apartment communities, office, industrial and investment properties throughout the Mid-Atlantic and Southeast.

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