Triple Net Restaurant Retail
For Sale
Contact for pricing
1704 Bush River Road, Columbia, SC 29210
Fully leased two-tenant NNN property with long remaining terms and built-in 2% annual rent increases.
Property Size5,500 SF
Price / SF$200
Days on Market54
Property Features for 1704 Bush River Road
General Information
Standard status
Active
Size
5,500 SF
Property subtype
Retail, Mixed Use
Occupancy
100%
Lease Type
NNN
Net Operating Income
$100,200
Additional Details
Cap Rate
9.11%
Building Details
Tenancy
Multi
Listing Agency:
Shane Crummie
Listed By:
Shane Weatherford · License #360197
Source:
Crexi
Added: Jun 18
Changed: Aug 8
Last Checked: Aug 9 at 2:56PM
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 Shane Crummie
Investment Insights
Based on property information with market context.
This NNN investment property is configured to house two long-term tenant businesses under separate Triple Net (NNN) leases. The offering is described as fully leased, with approximately eight years remaining on both leases. Both tenant arrangements include built-in annual rent increases of 2%, which provides scheduled income growth over the lease term. Tenant responsibilities under the NNN structure include taxes, insurance, and maintenance expenses, limiting landlord involvement.
The property is located at 1704 Bush River Rd in Columbia, South Carolina, on Bush River Road as described in the marketing materials. The center includes a restaurant tenant and a butcher shop tenant, each operating under its own NNN lease. The asset is presented as part of a highly traveled commercial corridor.
For investors and buyers seeking a stabilized, passive structure, this property offers the combination of in-place tenancy and long-term lease duration. The current tenant rent information provided includes $7,140 per month for the restaurant tenant and $1,210 per month for the butcher shop tenant, with both leases reflecting approximately eight years remaining and 2% annual increases. The purchase is listed at $1,100,000, with a stated 9.11% cap rate in the provided materials, making it suitable for those comparing yield-focused NNN retail options within a multi-tenant setup.
The property is located at 1704 Bush River Rd in Columbia, South Carolina, on Bush River Road as described in the marketing materials. The center includes a restaurant tenant and a butcher shop tenant, each operating under its own NNN lease. The asset is presented as part of a highly traveled commercial corridor.
For investors and buyers seeking a stabilized, passive structure, this property offers the combination of in-place tenancy and long-term lease duration. The current tenant rent information provided includes $7,140 per month for the restaurant tenant and $1,210 per month for the butcher shop tenant, with both leases reflecting approximately eight years remaining and 2% annual increases. The purchase is listed at $1,100,000, with a stated 9.11% cap rate in the provided materials, making it suitable for those comparing yield-focused NNN retail options within a multi-tenant setup.
Key Highlights
- Two‑tenant NNN (triple net) commercial property at 1704 Bush River Rd, Columbia, SC
- Fully leased with approximately 8 years remaining on both long‑term leases
- Built‑in 2% annual rent increases on both leases
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
$88,877
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
8.08%
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%
$1,777,540
$1.8M
Cap Rate 7%
$1,269,671
$1.3M
Cap Rate 9%
$987,522
$987.5K
Market Conditions
NOI Build-Up for 5,500 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
$125.4K $22.80/SF
− Vacancy
−$6.9K −$1.25/SF
EGI
$118.5K $21.55/SF
− OpEx
−$29.6K −$5.39/SF
NOI
$88.9K $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 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%
$1,777,540
Cap Rate 7%
$1,269,671
Cap Rate 9%
$987,522
Alternative Uses
Best Use
Specialty Retail
$1.27M
$1.11M – $1.48M
NOI $88,877 @ 7.0% cap · market cap 8.08%
Second Best
Retail
$1.12M
$977.1K – $1.30M
NOI $78,170 @ 7.0% cap · market cap 7.11%
Theoretical Best
Office A
$1.35M
$1.19M – $1.58M
NOI $94,802 @ 7.0% cap · market cap 8.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
428
Businesses Nearby
59k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 53%
Shops & Services 28%
Hotels & Casinos 11%
Apparel 4%
Cook Out
Dining
19,191 visits/mo
0.4 miles
AutoZone
Shops & Services
5,125 visits/mo
0.4 miles
Captain D's
Dining
5,010 visits/mo
0.3 miles
Schlotzsky's
Dining
4,441 visits/mo
0.5 miles
Murphy USA
Shops & Services
4,278 visits/mo
0.3 miles
Demographics for 29210, SC
39,299
Population
19,592
Households
2
Avg Household Size
36
Median Age
30%
College-Educated
91%
High-School Grad
16.8 sq mi
ZIP Area
2,339
Density / Sq Mi
$50,258
Median Household Income
$32,240
Median Earnings
$1,076
Median Rent
$183,000
Median Home Value
Market
Vacancy Rate% for Retail in Columbia, SC
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Fully leased two-tenant NNN property with long remaining terms and built-in 2% annual rent increases.
Where is this nnn property located?
The property is located at 1704 Bush River Road 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: Two‑tenant NNN (triple net) commercial property at 1704 Bush River Rd, Columbia, SC; Fully leased with approximately 8 years remaining on both long‑term leases; Built‑in 2% annual rent increases on both leases
