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7007 A-7007 C Two Notch Rd
Columbia, SC 29223
Verizon Wireless · Retail Property For Sale


Investment Highlights
- Tenant has exercised a rare seven-year lease extension.
- Features a rare 6.6% escalation at year six of the renewal term.
- Verizon recently invested significant capital in renovating the interior of the premises.
Executive Summary
7007 Two Notch Road presents the opportunity to acquire a single-tenant Verizon retail investment property in Columbia, South Carolina. The property is leased to Cellular Sales of South Carolina, LLC, a longtime Verizon authorized retailer, under a Modified NNN lease structure with a current annual rent of $67,500. The tenant recently exercised a seven-year lease extension, demonstrating an ongoing commitment to the location, with the current lease term extending through May 31, 2033. The lease also includes a contractual rent increase scheduled for June 1, 2031, and two additional five-year renewal options.
The property consists of an approximately 4,500-square-foot freestanding retail building situated on approximately 0.42 acres along Two Notch Road, one of Columbia's established commercial corridors. The site benefits from frontage within a densely developed retail and service-oriented trade area supported by surrounding residential neighborhoods and a population exceeding 127,000 residents within a five-mile radius. The area continues to experience public-sector investment through the ongoing redevelopment of Columbia Place Mall, where Richland County has converted former anchor spaces into government and public service facilities, increasing institutional activity within the corridor.
Columbia serves as South Carolina's capital city and is supported by a diverse economic base that includes government, education, manufacturing, healthcare, and professional services. Major demand drivers include Fort Jackson, the University of South Carolina, and numerous regional employers. The combination of a nationally recognized wireless retailer, remaining lease term, scheduled rental growth, and continued investment in the surrounding corridor positions the asset as a net-leased retail investment opportunity within one of Columbia's established commercial submarkets.
The property consists of an approximately 4,500-square-foot freestanding retail building situated on approximately 0.42 acres along Two Notch Road, one of Columbia's established commercial corridors. The site benefits from frontage within a densely developed retail and service-oriented trade area supported by surrounding residential neighborhoods and a population exceeding 127,000 residents within a five-mile radius. The area continues to experience public-sector investment through the ongoing redevelopment of Columbia Place Mall, where Richland County has converted former anchor spaces into government and public service facilities, increasing institutional activity within the corridor.
Columbia serves as South Carolina's capital city and is supported by a diverse economic base that includes government, education, manufacturing, healthcare, and professional services. Major demand drivers include Fort Jackson, the University of South Carolina, and numerous regional employers. The combination of a nationally recognized wireless retailer, remaining lease term, scheduled rental growth, and continued investment in the surrounding corridor positions the asset as a net-leased retail investment opportunity within one of Columbia's established commercial submarkets.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,500 SF
Building Class
B
Year Built
1963
Price
$1,080,000
Price Per SF
$240
Cap Rate
6.25%
NOI
$67,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.25
Lot Size
0.42 AC
Opportunity Zone
Yes
Zoning
GC - General Commercial
Parking
74 Spaces (4 Spaces per 1,000 SF Leased)
Frontage
223’ on Two Notch Rd
Amenities
- Pylon Sign
- Signage
- Air Conditioning
- Awning
Property Taxes
| Parcel Number | 16904-03-01 | Improvements Assessment | $1,897,800 |
| Land Assessment | $347,600 | Total Assessment | $2,245,400 |
Property Taxes
Parcel Number
16904-03-01
Land Assessment
$347,600
Improvements Assessment
$1,897,800
Total Assessment
$2,245,400
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