7544 Garners Ferry Rd Columbia, SC 29209

Property Details for 7544 Garners Ferry Rd

Year built

2022

Lot size

1.11 lot acres

Property size

3,892 SF

Property type

Commercial real estate

Description

This exceptional investment opportunity presents a 3,892 square foot, newly constructed (2022) Slim Chickens restaurant located at 7544 Garners Ferry Rd, Columbia, SC 29209. The property sits on a 1.11-acre lot and benefits from a 20-year absolute NNN lease commencing August 30, 2022, and expiring August 31, 2042. The lease includes scheduled rent bumps, ensuring consistent income growth. This prime location is an outparcel to a Walmart Supercenter, experiencing high traffic volume (47,900 vehicles daily) on Garners Ferry Road, a major retail corridor with numerous national retailers. The property enjoys excellent visibility and convenient access to Interstate 77 (85,500 vehicles per day). The affluent surrounding area boasts an average household income exceeding $97,000 within a five-mile radius, projected to grow by 12% over the next five years. A substantial existing customer base of 89,000 residents lives within a five-mile radius. The property features a dual-lane drive-thru and pylon signage. The Net Operating Income (NOI) is $199,302, resulting in a 6.65% cap rate. The asking price is $2,998,000. This is an ideal passive investment opportunity with zero landlord responsibilities. The tenant, Slim Chickens, is a rapidly expanding brand with a proven track record. This offering is suitable for a 1031 exchange.