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12-Unit Shadow-Anchored Shopping Center
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5500-5590 Forest Dr, Columbia, SC 29206

Established retail center with diverse national and local tenancy, prominent frontage, and access from I-77.

Property Size46,725 SF
Days on Market143

Property Features for 5500-5590 Forest Dr

General Information

Standard status Active
Size 46,725 SF
Property subtype Retail
Occupancy 100%

Site & Location

Anchor Co-Tenants Dollar Tree, Cato Fashions
Traffic Count 78,000 vehicles/day
Highway Access Yes
Road Access Yes

Building Details

Buildings 1
Tenancy Multi
Listing Agency: Newmark Knight Frank - Ontario
Listed By: Eva Horton · License #TX 714610
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 29 at 6:59PM

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 Newmark Knight Frank - Ontario

Investment Insights

Based on property information with market context.

East Forest Plaza III is a 46,725-square-foot shopping center comprising 12 retail units. The property includes Dollar Tree and Cato Fashions among its tenants, with a broader mix of national and local retailers. Walmart and Sam’s Club provide shadow-anchor presence within the surrounding retail center environment.

The property is located at 5500-5590 Forest Dr in Columbia, South Carolina, with frontage along Forest Plaza Drive and Forest Drive. Access from I-77 supports regional connectivity, and the interstate carries more than 78,000 vehicles per day. Fort Jackson is located across I-77, while the University of South Carolina is in Columbia. East Forest Plaza III may also be acquired with East Forest Plaza I and/or II.

Key Highlights

  • 46,725‑square‑foot shopping center with 12 retail units
  • Shadow‑anchored by Walmart and Sam’s Club
  • Dollar Tree and Cato Fashions are among the tenants

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Building Supply Kitchen & Bath Showroom Real Estate Agency Plumbing Service Daycare Center Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

78,000 VPD
Traffic count
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

439
Businesses Nearby
516k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Superstores 38% Dining 35% Shops & Services 23% Apparel 2%
Walmart Superstores
117,014 visits/mo 0.2 miles
Sam's Club Superstores
78,924 visits/mo 0.4 miles
Chick-fil-A Dining
42,730 visits/mo 0.1 miles
McDonald's Dining
31,299 visits/mo 0.1 miles
Circle K Shops & Services
29,720 visits/mo 0.0 miles

Demographics for 29206, SC

19,304
Population
9,460
Households
2
Avg Household Size
39
Median Age
64%
College-Educated
98%
High-School Grad
8.6 sq mi
ZIP Area
2,245
Density / Sq Mi
$89,726
Median Household Income
$59,690
Median Earnings
$1,367
Median Rent
$328,600
Median Home Value

Market

Vacancy Rate% for Retail in Columbia, SC

6.6% 2020
6.6% 2021
5.7% 2022
4.4% 2023
5.4% 2024
5.7% 2025
Rey
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Similar Off Market Nearby

  • Trenholm Plaza 4840 Forest Dr, Columbia, SC 29206
  • East Forest Plaza I 5496 Forest Dr, Columbia, SC 29206
  • Sunglass Hut at Aafes 4110 Moseby St, Columbia, SC 29207
  • Fort Jackson Post Exchange 4110 Moseby St, Columbia, SC 29207

Frequently Asked Questions

What type of property is this?
Shopping center - Established retail center with diverse national and local tenancy, prominent frontage, and access from I-77.
Where is this shopping center located?
The property is located at 5500-5590 Forest Dr Columbia, SC.
What are key features of this property?
This property features: 46,725‑square‑foot shopping center with 12 retail units; Shadow‑anchored by Walmart and Sam’s Club; Dollar Tree and Cato Fashions are among the tenants
(713) 599-5188 Call to check price and availability
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