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581 Columbia Mall Blvd
Columbia, SC 29223
Virginia College NNN Share Sale (9+ years) · Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Signage
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
ABOUT 581 COLUMBIA MALL BLVD , COLUMBIA, SC 29223
This absolute NNN leased property has 9+ years remaining on the lease with an annual 1% escalation. Virginia College is a corporately backed lease; and tenant has over $350 million dollars in revenue. The property underwent a $3.5 million dollar renovation in 2010 including new roof, HVAC, facade update, and interior buildout. Columbia SC is a major health hub with one of the primary employers in the state being Palmetto Health. This further aids in Virginia College' s success in Columbia, as a significant portion of their students are employed in medical technology upon graduation. The city boasts a retail vacancy rate of 6.6% with limited retail availability throughout the city. The lease is absolutely guaranteed by Virginia College and Education Corporation of America with total revenues over $350 million dollars.
PROPERTY TAXES
| Parcel Number | 16904-01-07 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $5,635,000 |
PROPERTY TAXES
