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- LoopNet Team
7546 Garners Ferry Rd
Columbia, SC 29209
Garners Ferry Crossing · Retail Property For Sale
Investment Highlights
- 93% leased Columbia, SC center shadow anchored by Walmart Supercenter / Increasing store sales, in-built rent increases, low Shoe Show rent
- Majority of the center occupied by same tenants for over 15 years / 70% of the center is occupied by national and regional tenants
- Close proximity to Fort Jackson Military Training Center with over 23,000 residents and 7,600 full-time employees
- 12.88% cash on cash, approximately $4.9M existing loan assumption with 1% fee, $166 PSF / Dollar Tree, has recently extended for five more years
- Recent Renewals: Dollar Tree, Marbella’s, Boost Mobile and Direct General Insurance / Traffic count of 40,000 vehicles per day
- Major Southeast Market, Columbia, Capital of SC with Flagship University and Fort Jackson
PROPERTY FACTS
About 7546 Garners Ferry Rd , Columbia, SC 29209
93% leased 45,270 square feet Garners Ferry Crossing shopping center is shadow anchored by Walmart Supercenter in Columbia, South Carolina. In-built rent increases in 2020 and beyond for 9 of the tenants, rent escalations for most during options, tenure of over 15 years for majority of the tenants, 70% of the center in occupancy by national and regional tenants, increasing store sales, population and economic growth in the area, higher than average US household income, synergized tenant mix, Walmart draw, high traffic count make for a great long term investment. Sale is subject to existing loan of $4.9M with 1% assumption fee. The cash on cash is approximately 8.81% at listed price of $7,500,000 with a potential for consistent increase in yield.
PROPERTY TAXES
| Parcel Number | 16315-01-01 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $5,222,800 |
PROPERTY TAXES
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