For Sale
$1,914,200

942 Broad River RdColumbia, SC 29210

High-yield Family Dollar, Columbia, SC

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a fee-simple, 9,180 square foot Family Dollar store in Columbia, South Carolina. Boasting a strong 100% occupancy rate under a 15-year absolute NNN lease (with 5.4 years remaining), this property offers significant long-term value. The lease includes CPI rent increases every three years, ensuring consistent income growth. Situated on a 1.4-acre lot with multiple access points, this strategically located property benefits from high visibility and traffic. The property's strong financial performance is further enhanced by its location near the University of South Carolina, contributing to a robust customer base. The building was constructed in 2015 and is zoned RAC. The sale is structured for a 1031 exchange.

Highlights

  • Top 14% performing South Carolina Family Dollar location (AlphaMaps).
  • Absolute NNN lease with 3-year rent increases (CPI or 6%).
  • 4.3 miles from University of South Carolina (53,000+ students); 5-mile population exceeds 158,000.
  • 1.4-acre lot with multiple access points on a high-traffic street (28,000 VPD).
  • Relocated from across the street to this superior site.

Property Details for 942 Broad River Rd

Property type
Retail properties, Retail space
Square Feet
9,180 SF
Year Built
2015
Lot Size (sq. ft)
60,984 SF

Location Insight

City
Columbia
County
Richland
State
South Carolina
Latitude
34.0256528
Longitude
-81.0802265
942 Broad River Rd, Columbia, South Carolina

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942 Broad River Rd
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