4800 Garners Ferry Rd Columbia, SC 29209
- Commercial real estate
- 5,170 SF
Current Use by Public Records
- Chase Bank / Atm / Bank
Property Details for 4800 Garners Ferry Rd
- Year built
- 1981
- Construction
- FRAME
- Property size
- 5,170 SF
- Zone code
- RSF-1
- Property type
- Commercial real estate
- APN
- R13814-11-02
- APU
- R138141102
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,575,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,685,000
- 6.5%
- $1,455,000
- 7%
- $1,420,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,600,000
- Geo Method
- $1,375,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,570,000
- Retail
- $1,675,000
- Mixed-Use
- $1,925,000
- Hospitality
- $1,510,000
- Educational
- $1,680,000
- Residential Income
- $1,490,000
- Energy
- $1,845,000
- Income-Based Land
- $1,900,000
- Food Service
- $1,370,000
Location Insight
- Map
- Local Demand
- City
- Columbia
- County
- Richland
- State
- South Carolina
- Longitude
- -80.9733
- Latitude
- 33.9882
- CBSA code
- 17900
- CBSA name
- COLUMBIA, SC METROPOLITAN STATISTICAL AREA