Foot Locker
For Sale
$1,080,000
7007 Two Notch Rd, Columbia, SC 29223
Foot Locker tenancy is backed by a corporate guarantee.
Property Size4,500 SF
Days on Market154
Property Features for 7007 Two Notch Rd
General Information
Standard status
Active
Size
4,500 SF
Property subtype
Retail
Building Details
Building Size
4,500 SF
Year Built
1989
Listing Agency:
Trinity Partners Columbia
Listed By:
Robbie Cook · License #99024
(803) 530-1562
Source:
Trinity-partners
Added: Apr 11
Changed: Sep 7
Last Checked: Sep 11 at 8:35AM
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 Trinity Partners Columbia
Investment Insights
Based on property information with market context.
The storefront property at 7007 Two Notch Rd accommodates a Foot Locker location and is offered for sale with a corporate guarantee identified for the tenancy.
The property is in Columbia, South Carolina, within an area reported to have more than 124,000 residents across a 5-mile radius.
The property is in Columbia, South Carolina, within an area reported to have more than 124,000 residents across a 5-mile radius.
Key Highlights
- Foot Locker retail tenancy
- Corporate guarantee identified for the tenancy
- 7007 Two Notch Rd, Columbia, SC 29223
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
$63,958
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
5.92%
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%
$1,279,160
$1.3M
Cap Rate 7%
$913,686
$913.7K
Cap Rate 9%
$710,644
$710.6K
Market Conditions
NOI Build-Up for 4,500 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
$97.2K $21.60/SF
− Vacancy
−$5.8K −$1.30/SF
EGI
$91.4K $20.30/SF
− OpEx
−$27.4K −$6.09/SF
NOI
$64.0K $14.21/SF
Area
Columbia, SC
Vacancy
6.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
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%
$1,279,160
Cap Rate 7%
$913,686
Cap Rate 9%
$710,644
Alternative Uses
Best Use
Retail
$913.7K
$799.5K – $1.07M
NOI $63,958 @ 7.0% cap · market cap 5.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.11M
$969.6K – $1.29M
NOI $77,566 @ 7.0% cap · market cap 7.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
891
Businesses Nearby
132k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 40%
Shops & Services 31%
Apparel 25%
Electronics 3%
Dollar Tree
Shops & Services
22,903 visits/mo
0.5 miles
Macy's
Apparel
22,264 visits/mo
0.2 miles
McDonald's
Dining
20,481 visits/mo
0.3 miles
Taco Bell
Dining
12,259 visits/mo
0.4 miles
Church's Chicken
Dining
8,659 visits/mo
0.2 miles
Demographics for 29223, SC
52,477
Population
24,142
Households
2.2
Avg Household Size
39
Median Age
36%
College-Educated
90%
High-School Grad
25.3 sq mi
ZIP Area
2,074
Density / Sq Mi
$56,300
Median Household Income
$37,435
Median Earnings
$1,217
Median Rent
$183,800
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Foot Locker tenancy is backed by a corporate guarantee.
Where is this storefront property located?
The property is located at 7007 Two Notch Rd Columbia, SC.
What is the asking price?
The asking price for this property is $1,080,000.
What are key features of this property?
This property features: Foot Locker retail tenancy; Corporate guarantee identified for the tenancy; 7007 Two Notch Rd, Columbia, SC 29223
