NNN Retail Property With Foot
For Sale
Contact for pricing
7005 Two Notch Rd, Columbia, SC 29223
Single-tenant retail occupancy includes corporate lease support and a roof installed in 2020.
Property Size16,593 SF
Price / SF$234.67
Days on Market1038
Property Features for 7005 Two Notch Rd
General Information
Standard status
Active
Size
16,593 SF
Property subtype
RETAIL
Occupancy
100%
Additional Details
Traffic Count
27,300 vehicles/day
Building Details
Tenancy
Single
Listing Agency:
Trinity Real Estate Investment Services - Corporate
(817) 304-8916
Listed By:
Brad Motley · License #586199
(817) 980-0512
Source:
Moodyscre
Added: Dec 13, 2023
Changed: Oct 9
Last Checked: Oct 15 at 1:47AM
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 Real Estate Investment Services - Corporate
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Investment Insights
Based on property information with market context.
This 16,593-square-foot retail property is occupied by Foot Locker under a master lease with more than 6.5 years remaining on the current term. The lease carries a corporate guarantee from Foot Locker Inc., and the tenant is responsible for HVAC repairs and replacements. A new roof was installed in 2020.
The property fronts US 1, where approximately 27,300 vehicles pass the site daily. It is located 7 miles from downtown Columbia, South Carolina, and the surrounding 5-mile area has 124,330 residents. Foot Locker has also identified off-mall locations as an expansion focus, with its new store concepts expected to grow from 120 locations to 400 locations in 2026.
The property fronts US 1, where approximately 27,300 vehicles pass the site daily. It is located 7 miles from downtown Columbia, South Carolina, and the surrounding 5-mile area has 124,330 residents. Foot Locker has also identified off-mall locations as an expansion focus, with its new store concepts expected to grow from 120 locations to 400 locations in 2026.
Key Highlights
- 16,593 SF retail property occupied by Foot Locker
- Master lease with more than 6.5 years remaining
- Corporate guarantee from Foot Locker Inc.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$235,833
Cap Rate
6.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,716,660
$4.7M
Cap Rate 7%
$3,369,043
$3.4M
Cap Rate 9%
$2,620,367
$2.6M
Market Conditions
NOI Build-Up for 16,593 SF
Gross rent
$358.4K $21.60/SF
− Vacancy
−$21.5K −$1.30/SF
EGI
$336.9K $20.30/SF
− OpEx
−$101.1K −$6.09/SF
NOI
$235.8K $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 Rate 5%
$4,716,660
Cap Rate 7%
$3,369,043
Cap Rate 9%
$2,620,367
Alternative Uses
Best Use
Retail
$3.37M
$2.95M – $3.93M
NOI $235,833 @ 7.0% cap · market cap 6.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.09M
$3.58M – $4.77M
NOI $286,010 @ 7.0% cap · market cap 7.35%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
27,300 VPD
Traffic count
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
891
Businesses Nearby
132k
Monthly Visits Nearby
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
Frequently Asked Questions
What type of property is this?
NNN property - Single-tenant retail occupancy includes corporate lease support and a roof installed in 2020.
Where is this nnn property located?
The property is located at 7005 Two Notch Rd Columbia, SC.
What is the asking price?
The asking price for this property is $3,893,826.
What are key features of this property?
This property features: 16,593 SF retail property occupied by Foot Locker; Master lease with more than 6.5 years remaining; Corporate guarantee from Foot Locker Inc.
