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Chase Bank Absolute NNN Lease Sale 4800 Garners Ferry Rd 3,700 SF Retail Building Columbia, SC 29209 $3,950,000 ($1,067.57/SF) 4% Cap Rate
INVESTMENT HIGHLIGHTS
- NEW Chase Bank Absolute NNN Lease Sale
- A+ S&P Credit Rating for JP Morgan Chase Bank, N.A.
- Close to Downtown Columbia, University of South Carolina, USC Medical School & Midlands Tech. College
- Prime Corner Signaled Light Location w/ 44,300 VPD
- 15 year Lease w/ a 10% rental increase in year 6 and year 11
- Strong Retail Trade Area w/ Whole Foods/Marshalls/Michael's & PetSmart
EXECUTIVE SUMMARY
HIGHLIGHTS
• Absolute NNN Ground Lease with zero landlord
responsibilities
• A+ S&P Credit Rating for JP Morgan
Chase Bank, N.A.
• Strong retail location with excellent
frontage on 2 major thoroughfares
• Total renovation of former bank to be
complete Fall 2023
• 15 year Lease w/ a 10% rental increase
in year 6 and year 11
• Three (5) year options w/ 10% increases
• Close proximity to Downtown
Columbia, University of South Carolina,
USC Medical School and Midlands
Technical College
• High Traffic: Garners Ferry: 44,300 VPD
• Retail area has limited availability and
low vacancy
• Perfect 1031 exchange property or
passive investment opportunity for any
investor
• Absolute NNN Ground Lease with zero landlord
responsibilities
• A+ S&P Credit Rating for JP Morgan
Chase Bank, N.A.
• Strong retail location with excellent
frontage on 2 major thoroughfares
• Total renovation of former bank to be
complete Fall 2023
• 15 year Lease w/ a 10% rental increase
in year 6 and year 11
• Three (5) year options w/ 10% increases
• Close proximity to Downtown
Columbia, University of South Carolina,
USC Medical School and Midlands
Technical College
• High Traffic: Garners Ferry: 44,300 VPD
• Retail area has limited availability and
low vacancy
• Perfect 1031 exchange property or
passive investment opportunity for any
investor
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Bank
Building Size
3,700 SF
Building Class
C
Year Built
1981
Price
$3,950,000
Price Per SF
$1,067.57
Cap Rate
4%
NOI
$158,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.86 AC
Zoning
C-3 - Commerical
Parking
28 Spaces (7.57 Spaces per 1,000 SF Leased)
Frontage
191’ on Garners Ferry Rd
AMENITIES
- Banking
- Pylon Sign
- Signalized Intersection
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 13814-11-02 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,315,400 |
PROPERTY TAXES
Parcel Number
13814-11-02
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,315,400
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Chase Bank Absolute NNN Lease Sale | 4800 Garners Ferry Rd
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