AT&T Store - Recent Extension | 239 Harbison Rd
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AT&T Store - Recent Extension 239 Harbison Rd
5,000 SF Retail Building Columbia, SC 29212 $3,950,000 ($790/SF) 6.08% Cap Rate
Investment Highlights
- Single Tenant Net Leased AT&T Retail Asset – Columbia, SC (MSA Population Exceeding 850,000)
- Strong Guarantee/Balance Sheet (New Cingular Wireless LLC) o Wholly Owned Subsidiary of AT&T
- Best in Class Name - Rare 2% Annual Bumps - Longterm Occupancy o Recent Tenant Improvements
- Irreplaceable Retail Density/Trade Area - Main & Main Corridor o Surrounded by all Major Retailers
- Capital City of State - Huge Commercial/Population Growth o Ranked #3 among “Growing States”
- Excellent Visibility next to Harrison Ct Center o Columbiana Centre Mall (Walmart-Belk-Best Buy)
Executive Summary
The Snyder Carlton National Net Lease Team is pleased to offer to investors an opportunity to acquire the single tenant Net leased AT&T in Columbia, SC. New Cingular Wireless PCS, LLC , which is a wholly owned subsidiary of AT&T, Inc, recently extended their long term lease for an additional 5 years demonstrating the strength and profitability of this location. The net lease has limited landlord responsibilities (roof & structure only) and features 2% annual rent increases, ideal for investors seeking inflation resistant income. The 5,000 SF building on 1.01-acre parcel is strategically located along Harbison Boulevard which sees over 31,800 VPD, is strategically positioned along a major retail corridor, and is a half mile from Columbiana Centre (788,000 SF Super Regional Mall) and Interstate 26 (107,000 VPD).
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,000 SF
Building Class
B
Year Built
2009
Price
$3,950,000
Price Per SF
$790
Cap Rate
6.08%
NOI
$240,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Land Acres
1.00 AC
Zoning
Commercial
Parking
40 Spaces (8 Spaces per 1,000 SF Leased)
Frontage
229 FT on Harbison Blvd
Amenities
- Pylon Sign
- Signage
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 001941-01-012 | Improvements Assessment | $80,071 |
| Land Assessment | $37,229 | Total Assessment | $117,300 |
PROPERTY TAXES
Parcel Number
001941-01-012
Land Assessment
$37,229
Improvements Assessment
$80,071
Total Assessment
$117,300
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Eric Carlton -
Jereme Snyder -
Power Broker Rox Pollard Jr -
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AT&T Store - Recent Extension | 239 Harbison Rd
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