Special Purpose•Other•For Sale

Plex HiWire Family Fun Sports Center - Sandhill

741 Fashion Drive, Columbia, South Carolina 29229

Sale Price $8,075,850
Sale Type Net Lease Investment
Zoning OI - Office and Institutional District
Bldg Type Single Tenant
Year Built 2004
Year Renovated 2015
Stories 1
Cap Rate 8.00%
Vacancy 100%
Gross Bldg 85,800 SqFt
RBA 85,800 SqFt
Land Area 6.43 Acres
Avail Parking 2/1000SqFt
Ceiling Height 26.0 Ft
Improvements The outparcel is a rectangular, level lot located within a mixed use development. It is located along Fashion Drive, an interior commercial drive within the Village at Sandhills. Fashion Drive has a signalized intersection with Two Notch Road (US-1) southeast of the property. The site has good access and visibility. The location is less than ¼ mile southwest of the intersection with Clemson Road. The property is not located in a flood zone.
Net Op Inc $646,068
Market Northeast Columbia
Absolute NNN Investment located within the Village at Sandhill shopping center in northeast Columbia The property is located within the Village at Sandhill shopping center off Two Notch Road (US-1) in northeast Columbia. Regional access is just 3 Miles from Interstate 77 with a total traffic count of 73,700 vehicles per day. The property is surrounded by significant commercial development around the intersection and along the primary thoroughfares. The neighborhood is one of the fastest growing areas in the Columbia MSA. Population within a 3 mile radius of the property was estimated at 55,528 in 2017 and is expected to increase to 59,011 by 2020. This represents an increase of 1.22% per year which is essentially similar to the state as a whole. Median house income in the area is estimated at $72,132 (2017) with a projected growth rate of 1.66% annually over the next five years.
  • 100% Occupied - NNN Single Tenant Investment
  • Great Opportunity for Hands-Off Investor
  • Multi-site Tenant with 11 locations across the Eastern US and Canada
  • Limited Tenant Competition
  • Strong Private Equity Investor and Lease Surety Bond
  • Seven Year Lease with 3% Annual Increases and Two 5-Year Options to Renew
  • Located within regional open-air center with a mix of nationally and locally owned merchants and restaurants
12/4/2018 8:06:10 PM 12/5/2018 6:00:43 PM

LEAVE A MESSAGE

0/100
Human? type 462 below...
dummy toaster to trick _toastr script loaded by scripts.js Show Default