Exciting News from Bluffton: Target Center Sells for Nearly $18 Million!
Bluffton is buzzing with excitement after the sale of the Bluffton Target Center, a popular shopping hub located just a stone’s throw away from the breathtaking Hilton Head Island. This bustling center, which spans an impressive 100,314 square feet, has been sold for a whopping $18.75 million! The announcement, made by Institutional Property Advisors on October 28, has certainly made waves in the local real estate scene.
A Shopping Center That Draws Crowds
So, what makes the Bluffton Target Center so special? Well, for starters, it enjoys the enviable spot as one of the top three most-visited shopping centers over a 50-mile radius, attracting about 2.7 million annual visits. That’s right, folks! With that kind of foot traffic, it’s no wonder the center was fully occupied at the time of the sale. The average tenant has been there for a solid 12 years, creating a welcoming and familiar shopping experience for locals and visitors alike.
Prime Location
The center is perfectly positioned along U.S. Highway 278/Fording Island Road, which serves as the main artery connecting Bluffton to Hilton Head Island. This highway is no small player, boasting roughly 50,300 vehicles per day that pass by the center! And if that’s not enough to entice shoppers, there’s an additional 2.8 million square feet of adjacent retail along the corridor to explore.
Hot Spot for Retail
Among the notable tenants calling Bluffton Target Center home are well-known names like Target, Dick’s Sporting Goods, and Staples. Those familiar with the coffee scene won’t be surprised to see Starbucks included, along with Honey Baked Ham, which have both been fixtures since the center first opened its doors back in 2001.
Other cozy spots in the center include Bluffton Braces, Payless Shoe, Advance America, and delicious dining options like Giuseppi’s Pizza and Pasta and La Hacienda, which are perfect for a quick bite after a day of shopping. With such a diverse mix of tenants, it’s easy to see why the Bluffton Target Center has become a community favorite.
Growing Community
As Bluffton continues to make waves as South Carolina’s fastest-growing municipality, with an astounding population increase of over 120% since 2010, it’s clear that this is just the beginning. More people means more demand for shopping and services, making the Bluffton Target Center a prime investment. Zach Taylor, IPA senior managing director of investments, shared that the sale was facilitated with the cooperation of the seller, Stafford Bluffton LLC, and the buyer, Tarantino Properties Inc.
If you’re ever in the area, make sure to check out the Bluffton Target Center. It offers a delightful shopping experience in a vibrant community, and with the new ownership, who knows what exciting changes or enhancements could be on the horizon? Whether you’re a local, a visitor, or even a potential business owner, Bluffton Target Center remains a shining gem in South Carolina’s retail landscape.
