Restaurant Property For
For Sale
Contact for pricing
115 Afton Ct, Columbia, SC 29212
Fully occupied restaurant property with lease in place on 2.07 acres.
Property Size10,000 SF
Lot Size2.07 Acres
Price / SF$340
Days on Market212
Property Features for 115 Afton Ct
General Information
Standard status
Active
Size
10,000 SF
Lot size
2.07 Acres
Property subtype
Retail
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$280,077
Building Details
Tenancy
Single
Listing Agency:
Huggins Realty Group
Listed By:
Drew Huggins · License #183348
(919) 848-4951
Source:
Crexi
Added: Mar 16
Changed: Oct 4
Last Checked: Oct 12 at 6:19PM
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 Huggins Realty Group
Investment Insights
Based on property information with market context.
This commercial real estate property is a restaurant property situated on 2.07 acres. The property is fully occupied with a lease in place that includes a personal guarantee. An established business currently operates on the premises, making this an investment opportunity.
Key Highlights
- Fully Occupied Restaurant Property with Lease in Place
- Established Business
- Lease Includes Personal Guarantee
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$161,595
Cap Rate
4.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,231,900
$3.2M
Cap Rate 7%
$2,308,500
$2.3M
Cap Rate 9%
$1,795,500
$1.8M
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$228.0K $22.80/SF
− Vacancy
−$12.5K −$1.25/SF
EGI
$215.5K $21.55/SF
− OpEx
−$53.9K −$5.39/SF
NOI
$161.6K $16.16/SF
Area
Columbia, SC
Vacancy
5.50%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,231,900
Cap Rate 7%
$2,308,500
Cap Rate 9%
$1,795,500
Alternative Uses
Best Use
Specialty Retail
$2.31M
$2.02M – $2.69M
NOI $161,595 @ 7.0% cap · market cap 4.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.46M
$2.15M – $2.87M
NOI $172,368 @ 7.0% cap · market cap 5.07%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
904
Businesses Nearby
883k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 27%
Dining 26%
Superstores 14%
Shops & Services 12%
Walmart
Superstores
120,300 visits/mo
0.5 miles
Academy Sports + Outdoors
Apparel
71,675 visits/mo
0.4 miles
Dillard's
Apparel
48,750 visits/mo
0.4 miles
Chick-fil-A
Dining
48,683 visits/mo
0.2 miles
Olive Garden
Dining
42,613 visits/mo
0.2 miles
Demographics for 29212, SC
29,739
Population
13,374
Households
2.2
Avg Household Size
43
Median Age
46%
College-Educated
94%
High-School Grad
21.4 sq mi
ZIP Area
1,390
Density / Sq Mi
$74,652
Median Household Income
$45,221
Median Earnings
$1,359
Median Rent
$222,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Columbia, SC
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Similar Off Market Nearby
- BIG L’S KITCHEN — 151, Columbia, SC 29212
- HowDeeDoezIT — Harbison Blvd, Columbia, SC 29212
Frequently Asked Questions
What type of property is this?
Restaurant - Fully occupied restaurant property with lease in place on 2.07 acres.
Where is this restaurant located?
The property is located at 115 Afton Ct Columbia, SC.
What is the asking price?
The asking price for this property is $3,400,000.
What are key features of this property?
This property features: Fully Occupied Restaurant Property with Lease in Place; Established Business; Lease Includes Personal Guarantee
