104 N 12th St
West Columbia, SC 29169
Commerce de détail Propriété À vendre

This single-tenant retail investment offers a rare opportunity to acquire a stabilized asset with a long-standing national tenant in the heart of West Columbia. Advance Auto Parts has operated at 104 N. 12th Street since 1984, demonstrating a strong commitment to the site through seven lease extensions, with the current term running through August 2030. The property spans ±6,000 square feet on ±0.64 acres and features brick construction, a standing seam metal roof, and 35 dedicated parking spaces. The HVAC system was replaced in 2018, ensuring operational reliability for years to come.
The lease is structured as NN, with the tenant responsible for taxes, insurance, utilities, and maintenance of the premises. The landlord retains responsibility for structural components and HVAC replacement. With a below-market rental rate of $9.30/SF, the asset presents limited backfill risk and stable cash flow. The offering is priced at $859,900, reflecting a 6.50% cap rate.
Located in a vibrant commercial corridor, the property benefits from proximity to Columbia Metropolitan Airport, Fort Jackson, and the University of South Carolina. The surrounding area is experiencing steady demographic growth, with a projected 1.17% annual population increase within a one-mile radius through 2030. Average household incomes in the immediate area exceed $70,000, supporting strong retail fundamentals.
This investment is ideal for buyers seeking a passive, income-generating asset backed by a publicly traded tenant with over 4,200 locations nationwide.