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    4800 Garners Ferry Rd Columbia, SC 29209

    Sponsored
    For Sale
    $3,950,000

    Columbia, SC - Prime Retail Location

    Property size:
    3,700 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a 3,700 square foot, Class A, single-tenant retail property leased to Chase Bank under an absolute NNN lease. Located at 4800 Garners Ferry Rd, Columbia, SC 29209, this property boasts a prime corner location with high visibility and traffic counts (44,300 VPD on Garners Ferry Rd). The 15-year lease, commencing January 28, 2024, and expiring January 27, 2039, includes a 10% rent increase every five years, providing consistent income growth. Three additional five-year options with 10% increases further enhance the long-term value. The property benefits from a strong location near major retailers (Target, Whole Foods, Michaels, etc.), educational institutions (University of South Carolina, Midlands Technical College), and downtown Columbia. Recently renovated in 2023, this investment offers a 4.00% cap rate and a substantial net operating income (NOI) of $158,000. The ground lease also expires January 27, 2039. This is an ideal opportunity for investors seeking a passive income stream backed by a highly-rated tenant (A+ S&P credit rating for JP Morgan Chase Bank, N.A.) in a thriving retail market with limited vacancy. The property is situated on a ground lease.

    Property Features for 4800 Garners Ferry Rd

    General Information

    Property type
    Individual retail properties
    Square Feet
    3,700 SF
    Class
    A

    Building Details

    Year Renovated
    2023
    Buildings
    1
    Stories
    1

    HighLights

    • $3,950,000 asking price for a 3,700 SF Class A retail property.
    • Absolute NNN lease with zero landlord responsibilities; JP Morgan Chase Bank tenant with A+ S&P credit rating.
    • Excellent retail location with high visibility on two major thoroughfares.
    • Recently renovated; completion in late 2023/January 2024.
    • 15‑year lease with 10% rent increases every five years; three 5‑year options with 10% increases each.
    • High‑traffic area (44,300 VPD on Garners Ferry Rd), near Downtown Columbia, USC, and Midlands Technical College.
    Property Profile Location Intelligence

    Current Use by Public Records

    Chase Bank Bank

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Columbia
    County
    Richland
    State
    South Carolina
    Longitude
    -80.9734435
    Latitude
    33.9881516

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    FAQs

    What type of property is this?
    Individual retail property - Columbia, SC - Prime Retail Location
    Where is this individual retail property located?
    The property is located at 4800 Garners Ferry Rd Columbia, SC.
    What is the asking price?
    The asking price for this property is $3,950,000.
    What are key features of this property?
    This property features: $3,950,000 asking price for a 3,700 SF Class A retail property.; Absolute NNN lease with zero landlord responsibilities; JP Morgan Chase Bank tenant with A+ S&P credit rating.; Excellent retail location with high visibility on two major thoroughfares.
    Request Owner's contact information
    4800 Garners Ferry Rd Columbia, SC 29209
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    Columbia, SC 29209
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4800 Garners Ferry Rd Columbia, SC 29209
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