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1031 Exchange Buyers 2638 Two Notch Rd 2,240 SF Retail Building Columbia, SC 29204 $675,000 ($301.34/SF) 5.38% Cap Rate
Investment Highlights
- Heavy traffic
- 5 year lease with 4 renewal options
Executive Summary
.Prime Investment Opportunity: This exceptional net-leased commercial property is secured by a nationally recognized tenant, Enterprise Leasing, offering investors immediate, stable cash flow. The site encompasses approximately 1.46 acres and is improved with a 2,230 SF building, strategically positioned to support long-term operational success.
The property is backed by a guaranteed 5-year triple-net (NNN) lease, minimizing landlord responsibilities while ensuring predictable income. In addition, the lease includes four (4) successive 5-year renewal options, presenting significant long-term stability and value appreciation potential.
Ideal for investors seeking a low-maintenance, income-producing asset with a strong corporate tenant and built-in growth horizon, this offering represents a rare opportunity to acquire a high-quality commercial investment in a desirable location.
The property is backed by a guaranteed 5-year triple-net (NNN) lease, minimizing landlord responsibilities while ensuring predictable income. In addition, the lease includes four (4) successive 5-year renewal options, presenting significant long-term stability and value appreciation potential.
Ideal for investors seeking a low-maintenance, income-producing asset with a strong corporate tenant and built-in growth horizon, this offering represents a rare opportunity to acquire a high-quality commercial investment in a desirable location.
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
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
2,240 SF
Building Class
C
Year Built
1960
Price
$675,000
Price Per SF
$301.34
Cap Rate
5.38%
NOI
$36,315
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.46 AC
Zoning
C-3
Parking
24 Spaces (7.55 Spaces per 1,000 SF Leased)
Frontage
160’ on Covenant Rd
Amenities
- Pylon Sign
- Signalized Intersection
- Drive Thru
Nearby Major Retailers
Property Taxes
| Parcel Number | 11515-01-05 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $299,000 |
Property Taxes
Parcel Number
11515-01-05
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$299,000
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1031 Exchange Buyers | 2638 Two Notch Rd
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