104 N 12th St - Freestanding FOR SALE


West Columbia, SC 29169
$859,900 USD
803-567-5454
104 N 12th St, West Columbia, SC for Sale
$859,900 USD
Freestanding - FOR SALE
1/6
null | 6.49% Cap Rate

104 N 12th St
West Columbia, SC 29169


HIGHLIGHTS

  • Corporate lease with Advance Auto Parts through August 2030
  • Tenant in place since 1984 with seven lease extensions
  • NN lease structure with limited landlord responsibilities
  • Brick construction with updated HVAC and metal roof
  • Located in growing West Columbia retail corridor
  • Surrounded by strong demographics and regional connectivity

OVERVIEW

This single-tenant retail investment offers a rare opportunity to acquire a stabilized asset with a long-standing national tenant in the heart of West Columbia. Advance Auto Parts has operated at 104 N. 12th Street since 1984, demonstrating a strong commitment to the site through seven lease extensions, with the current term running through August 2030. The property spans ±6,000 square feet on ±0.64 acres and features brick construction, a standing seam metal roof, and 35 dedicated parking spaces. The HVAC system was replaced in 2018, ensuring operational reliability for years to come. The lease is structured as NN, with the tenant responsible for taxes, insurance, utilities, and maintenance of the premises. The landlord retains responsibility for structural components and HVAC replacement. With a below-market rental rate of $9.30/SF, the asset presents limited backfill risk and stable cash flow. The offering is priced at $859,900, reflecting a 6.50% cap rate. Located in a vibrant commercial corridor, the property benefits from proximity to Columbia Metropolitan Airport, Fort Jackson, and the University of South Carolina. The surrounding area is experiencing steady demographic growth, with a projected 1.17% annual population increase within a one-mile radius through 2030. Average household incomes in the immediate area exceed $70,000, supporting strong retail fundamentals. This investment is ideal for buyers seeking a passive, income-generating asset backed by a publicly traded tenant with over 4,200 locations nationwide.

FOR SALE DETAILS

PRICE

$859,900 USD

PRICE/SF

$143 USD /SF

CAP RATE

6.49%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

35

LAND DETAILS

LAND ACRES

0.64 AC

LAND SF

27,878 SF

ZONING

C-2

APN/PARCEL ID

004640-13-004

ASK ABOUT THIS PROPERTY

Robbie CookTrinity PartnersMore Info
803-567-5454

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Robbie CookTrinity PartnersMore Info
803-567-5454

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.