5400 Forest Dr - Freestanding FOR SALE


Columbia, SC 29206- Northeast Arcadia Lakes
$7,048,000 USD
980-498-3293
5400 Forest Dr, Columbia, SC for Sale
$7,048,000 USD
Freestanding - FOR SALE
1/5
null | 6% Cap Rate

5400 Forest Dr
Columbia, SC 29206
Northeast Arcadia Lakes


HIGHLIGHTS

  • GREAT VISIBILITY AND ACCESIBILITY - OUTPARCEL TO EAST FOREST PLAZA
  • LOCATED IN LOW VACANCY RETAIL NODE
  • STRONG CREDIT TENANTS

OVERVIEW

ATTRACTIVE LEASE FUNDAMENTALS - Starbucks and Stanton Optical have recently signed 10 year leases with Chipotle signing a 15 year lease - All 3 leases are corporately guaranteed - All three leases have at least 3 x 5 year extensions left - Each lease provides 10% rent increases every 5 years in base term and option periods STRONG CREDIT TENANTS - The recently built building has transferable warranties in place - Chipotle has a market cap of $82B (NYSE: CMG) with over 3,200+ locations across the country, Starbucks has a S&P credit rating of BBB+ with over 35,000 locations worldwide, and Stanton Optical has more than 250+ locations in 28 states across the country LOCATED IN LOW VACANCY RETAIL NODE - 1.3M SF of retail space in a 1-mile radius boasting a 0.5% vacancy rate - according to - Over 22.8K SF of absorption YoY | Nearby retail tenants include: Walmart Supercenter, Sam’s Club, Publix Supermarket, Lululemon, HomeGoods, and much more GREAT VISIBILITY AND ACCESIBILITY - OUTPARCEL TO EAST FOREST PLAZA - Site is positioned off of I-75 (96.1K VPD) and on busy Forest Drive (29.4K VPD) - Direct access off of Forest drive and flow from the exit of the center - Outparcel to Walmart Supercenter and Sam’s Club Anchored Center with more than 540K SF of retail space - With the center being fully leased there is a large “Spillover Effect” to the outparcels - According to Placer.ai the Walmart is the most visited in a 15 mile radius and ranking in the top 75% in the state CLOSE PROXIMITY TO FORT JACKSON - Located on the other side of the power center is Fort Jackson which is the largest US Army training facility in the country - Around 16K people live on the Fort with 3,500 active duty military members STRONG SURROUNDING DEMOGRAPHICS - Within a 1-mile radius of the site the average household income is over $145K while the nationwide average is $80K - Within a 5-mile radius of the site there are more than 153K people - Within that same 5-mile radius there are more than 61K homes - Within a 1-mile radius of the site the median home value is over $430K

FOR SALE DETAILS

PRICE

$7,048,000 USD

PRICE/SF

$1,002 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chipotle, Starbucks, Stanton Optical

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Fast Food, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

52

LAND DETAILS

LAND ACRES

1.25 AC

LAND SF

54,450 SF

ZONING

C-3

APN/PARCEL ID

16706-04-04

ASK ABOUT THIS PROPERTY

David HoppeAtlantic Capital PartnersMore Info
980-498-3293

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David HoppeAtlantic Capital PartnersMore Info
980-498-3293

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