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237 Park Terrace Dr
Columbia, SC 29212
Academy Sports & Outdoors · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- NN Lease with $0.50/SF Rental Increases Every 5 Years & at Each of the Three, 5-Year Options
- Long-Term Operating History & Prime Retail Corridor | Academy has Operated at the Property Since 2014
- Roughly 1.5 Miles from Irmo High School & Irmo Middle School (2,245+ Students) | Population 103,500+ within a 5-Mile Radius
- Corporate Lease from Growing Retailer | Credit-Rated Tenant (S&P: BB+) | 317+ Total Locations | Long-Term Growth Runway of 800+ Stores Nationwide
- Surrounded by National Retailers Including Walmart, Sam’s Club, Trader Joe’s, Home Goods, Ulta, & More
- Close Proximity to Numerous Major Developments | Near the 181-AC BullStreet District Expansion
EXECUTIVE SUMMARY
Northmarq National Net Lease Group is pleased to present to qualified investors the opportunity to acquire the fee simple interest in the single-tenant retail asset located at 237 Park Terrace Drive, Columbia, South Carolina. The property is occupied by Academy Sports + Outdoors who has successfully operated at this location since 2014. The tenant is on a NN lease featuring $0.50/SF increases every five years, and three, 5-year options remaining.
Located in a major retail corridor off of Harbison Blvd, adjacent to the open air shopping center, Harbison Court, the property benefits from consistent demand and traffic by other national retailers. Nearby retailers include Chick-fil-a, Walmart, Home Goods, Hobby Lobby, Marshalls, Petco, Nordstrom Rack and others.
As the state capital, Columbia is the home of the state’s largest public university, the University of South Carolina as well as Fort Jackson, one of the primary training hubs for the United States Army. Over the last few years, the Carolinas have seen significant growth and continue to be one of the most desirable and in-demand markets within the United States.
Located in a major retail corridor off of Harbison Blvd, adjacent to the open air shopping center, Harbison Court, the property benefits from consistent demand and traffic by other national retailers. Nearby retailers include Chick-fil-a, Walmart, Home Goods, Hobby Lobby, Marshalls, Petco, Nordstrom Rack and others.
As the state capital, Columbia is the home of the state’s largest public university, the University of South Carolina as well as Fort Jackson, one of the primary training hubs for the United States Army. Over the last few years, the Carolinas have seen significant growth and continue to be one of the most desirable and in-demand markets within the United States.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
71,680 SF
Building Class
B
Year Built
2014
Price
$16,531,610 CAD
Price Per SF
$230.63 CAD
Cap Rate
7.38%
NOI
$1,219,385 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.31
Lot Size
5.29 AC
Zoning
C
Parking
635 Spaces (8.86 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 002763-01-015 | Improvements Assessment | $401,703 CAD |
| Land Assessment | $168,089 CAD | Total Assessment | $569,792 CAD |
PROPERTY TAXES
Parcel Number
002763-01-015
Land Assessment
$168,089 CAD
Improvements Assessment
$401,703 CAD
Total Assessment
$569,792 CAD
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