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.