10202 Two Notch Rd
Columbia, SC 29229
Single Tenant NNN Verizon Wireless · Retail Property For Sale

Pegasus Investments, as exclusive investment sale advisor to Seller, is pleased to offer a trophy quality single tenant corporate Verizon Wireless store located in Columbia, South Carolina (the Property ). Prominently situated on a one acre parcel along the premier retail thoroughfare in northeast Columbia, the Property is uniquely positioned at the main entrance to a Target, Dick' s Sporting Goods, Michaels and Kirkland anchored power center across from a newly constructed Sam' s Club and down the street from the 300 acre Village at Sandhill mixed use lifestyle center. The newly constructed building is leased to Verizon Wireless' corporate entity Cellco Partnership d/b/a Verizon Wireless pursuant to a new 10-year triple net lease which expires in January 2027 (unless prior terminated in December 2026). Unlike many other net leased cellular offerings being marketed, the subject lease features 10% rent increases every five years and no early termination right. The tenant has (2) five year options to extend beyond the initial ten year base term of the lease. Investors familiar with Two Notch Road will acknowledge its status as one of the two most highly sought after retail corridors in the Columbia market. Recent expansion efforts along Two Notch Road to alleviate traffic congestion have been well received as evidenced by the surge in retail development over the past 3-5 years. Of note are the residential expansion phase at The Village at Sandhill, the Hobby Lobby anchored center at the intersection of Two Notch Rd. & Fore Ave., the adjacent newly constructed Fresh Market grocery anchored center and the recent opening of the 136,000 square foot Sam' s Club and 16-bay gas station. Many other retailers have made having a presence along Two Notch Road a priority, the effect of which has caused tremendous rent growth and a scarcity of quality sites. Finally, the presence of the rail line along the north side of Two Notch has created a supply constrained market due to the fact that new retail can only come through redevelopment of existing product along the eastern side of Two Notch Road.