237 Park Terrace Dr - Storefront FOR SALE


Columbia, SC 29212- Irmo-Seven Oaks
$12,025,000 USD
843-345-5333
237 Park Terrace Dr, Columbia, SC for Sale
$12,025,000 USD
Storefront - FOR SALE
1/27
null | 7.38% Cap Rate

237 Park Terrace Dr
Columbia, SC 29212
Irmo-Seven Oaks


HIGHLIGHTS

  • NN Lease with $0.50/SF Rental Increases Every 5 Years & at Each of the Three, 5-Year Options
  • Corporate Lease from Growing Retailer | Credit-Rated Tenant (S&P: BB+) | 317+ Total Locations | Long-Term Growth Runway of 800+ Stores Nationwide
  • Long-Term Operating History & Prime Retail Corridor | Academy has Operated at the Property Since 2014
  • Surrounded by National Retailers Including Walmart, Sam’s Club, Trader Joe’s, Home Goods, Ulta, & More
  • Roughly 1.5 Miles from Irmo High School & Irmo Middle School (2,245+ Students) | Population 103,500+ within a 5-Mile Radius
  • Close Proximity to Numerous Major Developments | Near the 181-AC BullStreet District Expansion

OVERVIEW

Northmarq National Net Lease Group is pleased to present to qualified investors the opportunity to acquire the fee simple interest in the single-tenant retail asset located at 237 Park Terrace Drive, Columbia, South Carolina. The property is occupied by Academy Sports + Outdoors who has successfully operated at this location since 2014. The tenant is on a NN lease featuring $0.50/SF increases every five years, and three, 5-year options remaining. Located in a major retail corridor off of Harbison Blvd, adjacent to the open air shopping center, Harbison Court, the property benefits from consistent demand and traffic by other national retailers. Nearby retailers include Chick-fil-a, Walmart, Home Goods, Hobby Lobby, Marshalls, Petco, Nordstrom Rack and others. As the state capital, Columbia is the home of the state’s largest public university, the University of South Carolina as well as Fort Jackson, one of the primary training hubs for the United States Army. Over the last few years, the Carolinas have seen significant growth and continue to be one of the most desirable and in-demand markets within the United States.

FOR SALE DETAILS

PRICE

$12,025,000 USD

PRICE/SF

$168 USD /SF

CAP RATE

7.38%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Academy Sports & Outdoors

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2014

SPRINKLERS

-

PARKING SPACES

635

LAND DETAILS

LAND ACRES

5.29 AC

LAND SF

230,432 SF

ZONING

C

APN/PARCEL ID

002763-01-015

ASK ABOUT THIS PROPERTY

Ani PaulsonNorthmarqMore Info
843-345-5333

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Ani PaulsonNorthmarqMore Info
843-345-5333

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