Warehouse with Absolute NNN
For Sale
Contact for pricing
100 Sunbelt Boulevard, Columbia, SC 29203
Leased warehouse with minimal landlord responsibilities and annual 3.5% rent escalations, shifting to absolute NNN during options.
Property Size6,000 SF
Price / SF$183.33
Days on Market62
Property Features for 100 Sunbelt Boulevard
General Information
Standard status
Active
Size
6,000 SF
Property subtype
Industrial
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$66,844
Building Details
Year Built
1995
Tenancy
Single
Listing Agency:
Sands Investment Group Austin
Listed By:
Austin Marsh · License #TX 734360
Source:
Crexi
Added: Jun 10
Changed: Aug 8
Last Checked: Aug 8 at 11:02AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Sands Investment Group Austin
Investment Insights
Based on property information with market context.
This offering presents a 6,000 SF single-tenant warehouse leased to SiteOne Landscape Supply. The transaction is structured to keep landlord responsibilities minimal, with annual rent escalations of 3.5% as described in the offering materials. During the option periods, the lease transitions to an Absolute Triple Net (NNN) Lease structure.
The property is located at 100 Sunbelt Boulevard in Columbia, SC. As presented, the asset is being offered for sale by Sands Investment Group and is marketed as an income-focused holding with clear lease structure changes over time.
For buyers evaluating long-term ownership of a specialized, leased industrial facility, this structure is designed around reduced landlord involvement and predictable contractual rent increases. The shift to an absolute NNN framework during option periods may be particularly relevant for investors seeking a greater alignment of operating expense responsibility with the tenant, consistent with the lease terms provided.
The property is located at 100 Sunbelt Boulevard in Columbia, SC. As presented, the asset is being offered for sale by Sands Investment Group and is marketed as an income-focused holding with clear lease structure changes over time.
For buyers evaluating long-term ownership of a specialized, leased industrial facility, this structure is designed around reduced landlord involvement and predictable contractual rent increases. The shift to an absolute NNN framework during option periods may be particularly relevant for investors seeking a greater alignment of operating expense responsibility with the tenant, consistent with the lease terms provided.
Key Highlights
- 6,000 SF SiteOne Landscape Supply leased warehouse at 100 Sunbelt Boulevard in Columbia, SC
- Lease structure offers minimal landlord responsibilities
- Includes strong annual 3.5% rent escalations
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$88,954
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.09%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,779,080
$1.8M
Cap Rate 7%
$1,270,771
$1.3M
Cap Rate 9%
$988,378
$988.4K
Market Conditions
NOI Build-Up for 6,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$110.2K $18.36/SF
− Vacancy
−$5.5K −$0.92/SF
EGI
$104.7K $17.44/SF
− OpEx
−$15.7K −$2.62/SF
NOI
$89.0K $14.83/SF
Area
Columbia, SC
Vacancy
5.00%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,779,080
Cap Rate 7%
$1,270,771
Cap Rate 9%
$988,378
Alternative Uses
Best Use
Warehouse
$1.27M
$1.11M – $1.48M
NOI $88,954 @ 7.0% cap · market cap 8.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.48M
$1.29M – $1.72M
NOI $103,421 @ 7.0% cap · market cap 9.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
145
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 29203, SC
39,449
Population
18,815
Households
2.1
Avg Household Size
38
Median Age
22%
College-Educated
84%
High-School Grad
62.3 sq mi
ZIP Area
633
Density / Sq Mi
$42,371
Median Household Income
$30,228
Median Earnings
$1,041
Median Rent
$121,600
Median Home Value
Market
Vacancy Rate% for Industrial in Columbia, SC
Questions? Ask Rey
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Similar Off Market Nearby
- Public Storage — 401 Buckner Rd, Columbia, SC 29203
Frequently Asked Questions
What type of property is this?
Warehouse - Leased warehouse with minimal landlord responsibilities and annual 3.5% rent escalations, shifting to absolute NNN during options.
Where is this warehouse located?
The property is located at 100 Sunbelt Boulevard Columbia, SC.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 6,000 SF SiteOne Landscape Supply leased warehouse at 100 Sunbelt Boulevard in Columbia, SC; Lease structure offers minimal landlord responsibilities; Includes strong annual 3.5% rent escalations
