Family Dollar 942 Broad River Rd 9,180 SF Retail Building Columbia, SC 29210 $1,835,000 ($199.89/SF) 7.82% Cap Rate

INVESTMENT HIGHLIGHTS

  • Ranked in the top 14% of South Carolina Family Dollar locations, per AlphaMaps
  • 4.3 miles from the University of South Carolina (53k+ students)
  • Relocated to this site from the shopping center across the street
  • Rare absolute NNN lease with CPI rent increases every 3 years
  • 1.40 AC lot with multiple access points on a high traffic street (28k VPD)
  • Strong demographics with a population over 158k within a 5 mile radius

EXECUTIVE SUMMARY

Lrage Price Reduction! Transwestern is pleased to exclusively offer for sale a single tenant Family Dollar in Columbia, South Carolina. Family Dollar has a rare absolute NNN lease with CPI rent increases every 3 years. The 9,180 SF building sits on a hard corner, with 1.40 acres of land and multiple access points. Family Dollar strategically relocated to this site from the shopping center across the street in 2015. Just 4.3 miles from the University of South Carolina with over 53,000 students, the subject property is located in the heart of Columbia with dense demographics and is surrounded by national retailers.
Broker of Record: Bradley Fulkerson SC# 89107

PROPERTY FACTS

Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,180 SF
Building Class
B
Year Built
2015
Price
$1,835,000
Price Per SF
$199.89
Cap Rate
7.82%
NOI
$143,565
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
1.40 AC
Zoning
RAC
Frontage
408’ on Broad River Rd

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Retailer
  • 9,180 SF
  • $13.14
  • Triple Net
  • Apr 2030

Family Dollar is a place to shop when it comes to delivering quality and value on family essentials in a convenient location. Their stores are conveniently located in neighborhoods, and often in "food deserts" where other stores choose not to locate, providing a convenient, close-to-home option where customers can shop for essentials. By locating stores in places where others won’t, Family Dollar is improving the affordability and availability of essential goods. They are saving their customers time and money and helping them do more, even on a tight budget. Their Family Dollar stores focus on delivering top value for family essentials. They offer competitively-priced national brands from leading manufacturers alongside brand-name, equivalent-value, lower-priced private labels. Their aisles are stocked with food and beverages, paper products, health & beauty supplies, pet food, home products, apparel and accessories, etc.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Retailer 9,180 SF $13.14 Triple Net Apr 2030

NEARBY MAJOR RETAILERS

Food Lion
Truist
Bank of America
The Melting Pot
Blimpie
Planet Fitness
Lizard's Thicket
Waffle House
Cook Out

PROPERTY TAXES

  • Listing ID: 33042653

  • Date on Market: 9/3/2024

  • Last Updated:

  • Address: 942 Broad River Rd, Columbia, SC 29210