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Family Dollar 942 Broad River Rd 9,180 SF Retail Building Columbia, SC 29210 $2,503,160 CAD ($272.68 CAD/SF) 7.82% Cap Rate

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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

Large 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
$2,503,160 CAD
Price Per SF
$272.68 CAD
Cap Rate
7.82%
NOI
$195,840 CAD
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
  • $17.92 CAD
  • Triple Net
  • Apr 2030

Family Dollar is a national discount retail chain headquartered in Chesapeake, Virginia, operating as a subsidiary of Dollar Tree since 2015. The company provides affordable everyday merchandise including household goods, groceries, cleaning supplies, apparel, health and beauty products, and seasonal items. Originally founded in 1959 in Charlotte, North Carolina, Family Dollar expanded rapidly through the Southeast and later nationwide. After its acquisition by Dollar Tree, the corporate headquarters transitioned to Chesapeake, though Family Dollar continues to maintain major operations and a distribution presence in Matthews and Charlotte, North Carolina. The Chesapeake headquarters supports executive leadership, merchandising, supply chain, operations, and administrative functions for thousands of Family Dollar stores across the United States. The brand focuses on neighborhood convenience, operating small-format stores that emphasize essential products at low prices.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Retailer 9,180 SF $17.92 CAD Triple Net Apr 2030

Nearby Major Retailers

Synovus Financial Corp
Food Lion
The Melting Pot
Blimpie
Truist
Bank of America
Zaxby's
Lizard's Thicket
Planet Fitness
Waffle House

Property Taxes

Property Taxes

Parcel Number
07311-05-01
Land Assessment
$668,511 CAD
Improvements Assessment
$1,191,509 CAD
Total Assessment
$1,860,019 CAD
  • Listing ID: 33042653

  • Date on Market: 2024-09-03

  • Last Updated:

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

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