538 St Andrews Rd Columbia, SC 29210
- Retail properties
- 3,233 SF
- 0.85 lot acres
Current Use by Public Records
- Retail properties
Property Details for 538 St Andrews Rd
- Year built
- 1997
- Lot size
- 0.85 lot acres
- Property size
- 3,233 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a 3,233 square foot, Class A retail property located at 538 St Andrews Rd, Columbia, SC 29210. The property, built in 1997 and situated on a 0.85-acre lot, is a thriving Shell fuel station and convenience store operating under an absolute NNN lease with a franchisee tenant. The lease, boasting a remaining term of 17.6 years (expiring July 31, 2042), includes favorable 1.5% annual rent bumps. The current Net Operating Income (NOI) stands at $120,194, yielding an attractive 6.75% cap rate. This hard-corner location benefits from excellent visibility and accessibility, with daily traffic exceeding 24,000 vehicles. The property is in a densely populated area, with over 118,000 people residing within a 5-mile radius, in Columbia, the 10th fastest-growing city nationally. The tenant, a highly experienced operator with 42 units, is committed to regional expansion. This investment offers significant tax benefits through accelerated depreciation and cost segregation, making it a compelling opportunity in a recession-resistant industry. The asking price is $1,780,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Columbia
- County
- Lexington
- State
- South Carolina
- Longitude
- -81.1266
- Latitude
- 34.0449
