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Academy Sports & Outdoors 237 Park Terrace Dr 71,680 SF Retail Building Columbia, SC 29212 $12,025,000 ($167.76/SF) 7.38% Cap Rate

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INVESTMENT HIGHLIGHTS

NN Lease with $0.50/SF Rental Increases Every 5 Years & at Each of the Three, 5-Year Options
Long-Term Operating History & Prime Retail Corridor | Academy has Operated at the Property Since 2014
Roughly 1.5 Miles from Irmo High School & Irmo Middle School (2,245+ Students) | Population 103,500+ within a 5-Mile Radius

Corporate Lease from Growing Retailer | Credit-Rated Tenant (S&P: BB+) | 317+ Total Locations | Long-Term Growth Runway of 800+ Stores Nationwide
Surrounded by National Retailers Including Walmart, Sam’s Club, Trader Joe’s, Home Goods, Ulta, & More
Close Proximity to Numerous Major Developments | Near the 181-AC BullStreet District Expansion

EXECUTIVE SUMMARY

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.

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FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access	ANNUAL	ANNUAL PER SF
Gross Rental Income	-	-
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	-	-
Net Operating Income	$99,999	$9.99

FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access

Gross Rental Income
Annual	-
Annual Per SF	-

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	-
Annual Per SF	-

Net Operating Income
Annual	$99,999
Annual Per SF	$9.99

PROPERTY FACTS

Sale Type

Investment

Property Type

Retail

Property Subtype

Storefront

Building Size

71,680 SF

Building Class

Year Built

2014

Price

$12,025,000

Price Per SF

$167.76

Cap Rate

7.38%

NOI

$886,974

Tenancy

Single

Building Height

1 Story

Building FAR

0.31

Lot Size

5.29 AC

Zoning

Parking

635 Spaces (8.86 Spaces per 1,000 SF Leased)

Retailer
99,999 SF
$9.99
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Academy is one of the leading full-line sporting goods and outdoor recreation retailers in the United States. Originally founded in 1938 as a family business in Texas, Academy has grown to multiple stores across the United States. Academy’s mission is to provide “Fun for All” and Academy fulfills this mission with a localized merchandising strategy and value proposition that strongly connects with a broad range of consumers. Academy’s product assortment focuses on key categories of outdoor, apparel, footwear and sports & recreation through both leading national brands and a portfolio of private label brands.