1355 Knox Abbott Dr - Freestanding FOR SALE


Cayce, SC 29033
$7,608,696 USD
407-234-4111
1355 Knox Abbott Dr, Cayce, SC for Sale
$7,608,696 USD
Freestanding - FOR SALE
1/20
null | 4.6% Cap Rate

1355 Knox Abbott Dr
Cayce, SC 29033


HIGHLIGHTS

  • Ground Lease with over 10 years of remaining of initial term
  • Tenant has an Investment Grade Credit Rating "AA" - S&P/Fitch (NYSE:WMT)
  • Sixteen (16), five-year tenant renewal options w/ 5% increases at each option
  • Less than 4 miles from the University of South Carolina and Columbia - the State Capital

OVERVIEW

Collison Capital is pleased to present a Walmart Neighborhood Market located at 1355 Knox Abbott Dr. in Cayce, SC. Built in 2015 and situated on 5.71 acres of land, the Walmart Neighborhood Market is comprised of 41,921 square feet of retail space which includes a drive-thru pharmacy and a convenience store with fuel. The Walmart Neighborhood Market property provides an investor with the opportunity to acquire a well-located asset within the larger Columbia MSA that is leased to an investment grade tenant on its initial term. This Walmart Neighborhood Market is subject to a 20-year absolute triple net (NNN) ground lease with 10 years remaining and 16 5-year options each with 5% rent increases.

FOR SALE DETAILS

PRICE

$7,608,696 USD

PRICE/SF

$182 USD /SF

CAP RATE

4.6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walmart Neighborhood Market

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2015

SPRINKLERS

-

PARKING SPACES

300

LAND DETAILS

LAND ACRES

5.71 AC

LAND SF

248,680 SF

ZONING

C3

APN/PARCEL ID

004654-01-084

ASK ABOUT THIS PROPERTY

Carter CollisonCollison CapitalMore Info
407-234-4111

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Carter CollisonCollison CapitalMore Info
407-234-4111

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