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Twin Peaks Restaurant 600 Gervais St 6,550 SF Retail Building Columbia, SC 29201 $4,476,000 ($683.36/SF) 6.50% Cap Rate
Investment Highlights
- CLOSE PROXIMITY TO UNIVERSITY OF SOUTH CAROLINA
- STRONG LEASE FUNDAMENTALS
- LOCATED IN ESTABLISHED “VISTA” NEIGHBORHOOD
Executive Summary
STRONG LEASE FUNDAMENTALS
- 10% rent increases in each option period
- Absolute NNN providing no Landlord Responsibilities
- Three (3) - Five (5) year option periods
POSITIONED IN A STRONG RETAIL NODE
- Over 2.7MSF of retail space within a 1-mile radius of asset
- Nearby major retailers include: Publix Super Market, Halls Chophouse, Longhorn Steakhouse, and lots of others
LOCATED IN ESTABLISHED “VISTA” NEIGHBORHOOD
- The Vista has more than 8k multifamily units in a two mile radius, over 8k student housing beds, and averages 1.8M visitors monthly
- Site is walking distance to the South Carolina State House, The Columbia Metropolitan Convention Center, The Congaree waterfront, and much more
CLOSE PROXIMITY TO UNIVERSITY OF SOUTH CAROLINA
- Site is located 1 mile from The University of South Carolina - 444 acre campus ranked #61 in Top Public Schools (US News)
- USC has over 38,000 students and more than 15,000 employees
COLUMBIA, SC
- The South Carolina State Capital has an annual growth rate of 1.46% and has the population has grown more than 6% since 2020
- Columbia has a strong job market with projected job growth of over 27% in the next ten years
- Healthcare and Education industries are the major economic drivers
- 10% rent increases in each option period
- Absolute NNN providing no Landlord Responsibilities
- Three (3) - Five (5) year option periods
POSITIONED IN A STRONG RETAIL NODE
- Over 2.7MSF of retail space within a 1-mile radius of asset
- Nearby major retailers include: Publix Super Market, Halls Chophouse, Longhorn Steakhouse, and lots of others
LOCATED IN ESTABLISHED “VISTA” NEIGHBORHOOD
- The Vista has more than 8k multifamily units in a two mile radius, over 8k student housing beds, and averages 1.8M visitors monthly
- Site is walking distance to the South Carolina State House, The Columbia Metropolitan Convention Center, The Congaree waterfront, and much more
CLOSE PROXIMITY TO UNIVERSITY OF SOUTH CAROLINA
- Site is located 1 mile from The University of South Carolina - 444 acre campus ranked #61 in Top Public Schools (US News)
- USC has over 38,000 students and more than 15,000 employees
COLUMBIA, SC
- The South Carolina State Capital has an annual growth rate of 1.46% and has the population has grown more than 6% since 2020
- Columbia has a strong job market with projected job growth of over 27% in the next ten years
- Healthcare and Education industries are the major economic drivers
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
6,550 SF
Building Class
B
Year Built
2015
Price
$4,476,000
Price Per SF
$683.36
Cap Rate
6.50%
NOI
$290,911
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
0.82 AC
Zoning
RAC
Parking
95 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Courtyard
Nearby Major Retailers
Property Taxes
| Parcel Number | 08912-08-04 | Improvements Assessment | $841,700 |
| Land Assessment | $1,786,000 | Total Assessment | $2,627,700 |
Property Taxes
Parcel Number
08912-08-04
Land Assessment
$1,786,000
Improvements Assessment
$841,700
Total Assessment
$2,627,700
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Twin Peaks Restaurant | 600 Gervais St
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