2340 Broad Riv Rd Columbia, SC 29210-6732

This exceptional investment opportunity presents a 135,675-square-foot, single-story office building in Columbia, South Carolina. Currently 100% occupied by a credit-rated, investment-grade tenant, Teleperformance, under a triple-net (NN+) lease with a 6-year term commencing April 13, 2024, and expiring December 3, 2024. However, the lease was recently extended through June 30, 2030. The property, built in 1969 and renovated in 2014, boasts a 9.50% cap rate and features a substantial 1,050-space parking lot (approximately 8 spaces per 1,000 square feet), exceeding market standards. Situated on a 17.49-acre lot zoned M-1, this property enjoys a prime location at the nexus of Interstates 20 and 26, offering exceptional accessibility and visibility. The tenant, a global leader in the call center industry, has invested over $7 million in capital improvements since 2014 and has an additional $800,000 planned for 2024. The building is a masonry structure with primarily asphalt and modified built-up roofing systems, supported by 46 rooftop HVAC units. The property's flat to gently sloped topography ensures efficient drainage, and a perimeter fence and 24-hour security enhance its safety. The substantial parking area presents a potential opportunity for outparcel development. This Core+ investment offers significant long-term upside potential due to the below-market rental rate and the tenant's substantial investment in the property. The property is located in Richland County, South Carolina, zip code 29210, at 2340 Broad River Rd.