For Sale
$9,000,000

741 Fashion DrColumbia, SC 29229

Flight Adventure Park NNN Lease

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a fee-simple ownership of a Class A, 85,800 square-foot storefront in Columbia, South Carolina. The property boasts a brand-new 15-year absolute triple-net (NNN) lease with Flight Adventure Park, a leading family entertainment center, commencing September 1, 2024, and expiring August 31, 2039. The lease includes rent bumps, providing consistent income growth. The building, constructed in 2004 and renovated in 2022, sits on a 6.42-acre lot with ample parking (247 spaces). Located at 741 Fashion Dr, Columbia, SC 29229, this high-visibility location ensures strong customer traffic. The property's strong tenant, Flight Adventure Park, provides a corporate guarantee, mitigating risk. With a 7.39% cap rate and a net operating income (NOI) of $665,000, this single-tenant, 100% occupied property offers a secure and lucrative investment. The permitted commercial zoning allows for flexibility and future potential. This is a rare opportunity to acquire a high-performing, long-term net lease investment in a prime location. The property's size, tenant strength, and lease terms make it an attractive addition to any portfolio.

Highlights

  • $9,000,000 asking price for a Class A, 85,800 square foot retail storefront.
  • Absolute NNN net lease with a corporate guarantee from Flight Adventure Park.
  • 15-year lease commencing September 1, 2024, with a remaining term of 14.8 years and built-in rent bumps.
  • 7.39% cap rate and a $665,000 Net Operating Income (NOI).
  • Located on a 6.42-acre lot at 741 Fashion Dr, Columbia, SC 29229, with 247 parking spaces.

Property Details for 741 Fashion Dr

Property type
Retail properties, Retail space
Square Feet
85,800 SF
Class
A
Year Built/Renovated
2004/2022
Buildings
1
Stories
1
Lot Size (sq. ft)
279,655 SF

Location Insight

City
Columbia
County
Richland
State
South Carolina
Latitude
34.124642
Longitude
-80.8791142
741 Fashion Dr, Columbia, South Carolina

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741 Fashion Dr
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