9870 2nd Notch Rd Columbia, SC 29223-4380

Property Details for 9870 2nd Notch Rd

Year built

2017

Construction

STEEL FRAME

Lot size

0.85 lot acres

Property size

7,225 SF

Zone code

GC

Property type

Commercial real estate

APN

R22803-03-11

APU

R228030311

Description

This exceptional investment opportunity presents a freestanding O'Reilly Auto Parts store in Columbia, South Carolina. The property boasts a modified triple-net lease with minimal landlord responsibilities, providing a secure and passive income stream. Built in 2017, the 0.85-acre lot features a 20-year lease with O'Reilly Auto Parts, including four 5-year options to extend, ensuring long-term stability. The lease includes rent escalations of 6% in 2027 and 2032, offering inflation protection. The property enjoys an excellent location on Two Notch Road, a major retail corridor with high traffic counts (35,248 vehicles per day) and strong co-tenancy, including Walmart, Target, and Kroger. The strong demographics are further enhanced by its proximity to Fort Jackson, home to approximately 12,000 military families within a 15-minute drive. The property's Net Operating Income (NOI) is $126,550, resulting in a 6.00% cap rate, making it an attractive investment with a significant return. The asking price is $2,109,000. This is a rare opportunity to acquire a high-performing retail property with a long-term lease and significant upside potential in a thriving market. The lease is corporately guaranteed by O'Reilly Auto Parts and Equipment Company.