For Sale
$5,500,000

2702 Emanuel Church RdWest Columbia, SC 29170

High-yield retail center, 100% occupied.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional Class A, 40,000 square foot shopping center in West Columbia, South Carolina, presents a compelling value-add investment opportunity. Boasting 100% occupancy across 17 tenants in 18 units, this single-story, 1997-built property (fully renovated in 2022) generates a strong NOI of $372,000, translating to a 6.76% cap rate at an asking price of $5,500,000 ($137.50/sq ft). The property features 210 parking spaces and benefits from a net lease structure with built-in rent bumps. Situated on a 5.15-5.75 acre lot at 2702 Emanuel Church Rd, 29170, this prime location enjoys high visibility and traffic counts exceeding 21,000 vehicles daily. Its strategic adjacency to the Columbia Metropolitan Airport, McDonald's (shared parking), and Dollar General ensures consistent foot traffic and strong tenant demand. Further enhancing its value proposition is the proximity to a new 800-home development currently under construction less than a mile away. An additional 4.59 acres of adjacent commercial land is available for separate purchase. Proof of funds or financing is required.

Highlights

  • $5,500,000 asking price for a 40,000 square foot Class A retail shopping center in West Columbia, SC.
  • 6.76% cap rate with a $372,000 NOI and 100% occupancy.
  • Multi-tenant property with 17 tenants, offering a net lease structure and rent bumps.
  • Excellent location near Columbia Metropolitan Airport and major retailers, including shared parking with McDonald's and adjacency to Dollar General.
  • Strong growth potential with a new 800-home development under construction nearby and an adjacent prime commercial lot available for separate purchase.

Property Details for 2702 Emanuel Church Rd

Property type
Lifestyle centers, Power centers
Square Feet
40,000 SF
Class
A
Year Built/Renovated
1997/2022
Buildings
1
Stories
1
Lot Size (sq. ft)
224,334 SF
Units
18

Location Insight

City
West Columbia
County
Lexington
State
South Carolina
Latitude
33.9394992
Longitude
-81.148665
2702 Emanuel Church Rd, West Columbia, South Carolina

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2702 Emanuel Church Rd
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