For Sale
$2,109,000

9870 Two Notch Rd Columbia, SC 29223

O'Reilly Auto Parts, Strong NOI, Long Lease

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents a freestanding O'Reilly Auto Parts store in Columbia, South Carolina. The property boasts a modified triple-net lease with minimal landlord responsibilities, providing a secure and passive income stream. Built in 2017, the 0.85-acre lot features a 20-year lease with O'Reilly Auto Parts, including four 5-year options to extend, ensuring long-term stability. The lease includes rent escalations of 6% in 2027 and 2032, offering inflation protection. The property enjoys an excellent location on Two Notch Road, a major retail corridor with high traffic counts (35,248 vehicles per day) and strong co-tenancy, including Walmart, Target, and Kroger. The strong demographics are further enhanced by its proximity to Fort Jackson, home to approximately 12,000 military families within a 15-minute drive. The property's Net Operating Income (NOI) is $126,550, resulting in a 6.00% cap rate, making it an attractive investment with a significant return. The asking price is $2,109,000. This is a rare opportunity to acquire a high-performing retail property with a long-term lease and significant upside potential in a thriving market. The lease is corporately guaranteed by O'Reilly Auto Parts and Equipment Company.

Highlights

  • $2,109,000 asking price for a single-tenant, O'Reilly Auto Parts storefront in Columbia, SC.
  • Strong retail location on a major thoroughfare with Walmart, Target, and Kroger nearby.
  • Excellent demographics: 120,234 residents within 5 miles and 273,337 within 10 miles (2023 data).
  • High visibility with 35,248 vehicles per day on Two Notch Rd.
  • Proximity to Fort Jackson (15-minute drive) with approximately 12,000 military families.

Property Details for 9870 Two Notch Rd

Property type
Retail properties, Retail space
Year Built
2017
Lot Size (sq. ft)
37,026 SF

Location Insight

City
Columbia
County
Richland
State
South Carolina
Latitude
34.110090061694
Longitude
-80.89735189837

FAQs

What type of property is this?
Retail property - O'Reilly Auto Parts, Strong NOI, Long Lease
Where is the retail property located?
The property is located at 9870 Two Notch Rd Columbia, SC.
What is the asking price?
The asking price for this property is $2,109,000.
What are key features of this property?
This property features: $2,109,000 asking price for a single-tenant, O'Reilly Auto Parts storefront in Columbia, SC.; Strong retail location on a major thoroughfare with Walmart, Target, and Kroger nearby.; Excellent demographics: 120,234 residents within 5 miles and 273,337 within 10 miles (2023 data).
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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9870 Two Notch Rd
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