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2340 Broad River RdColumbia, SC 29210

135,675 SF, Investment-Grade Tenant

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 135,675-square-foot, single-story office building in Columbia, South Carolina. Currently 100% occupied by a credit-rated, investment-grade tenant, Teleperformance, under a triple-net (NN+) lease with a 6-year term commencing April 13, 2024, and expiring December 3, 2024. However, the lease was recently extended through June 30, 2030. The property, built in 1969 and renovated in 2014, boasts a 9.50% cap rate and features a substantial 1,050-space parking lot (approximately 8 spaces per 1,000 square feet), exceeding market standards. Situated on a 17.49-acre lot zoned M-1, this property enjoys a prime location at the nexus of Interstates 20 and 26, offering exceptional accessibility and visibility. The tenant, a global leader in the call center industry, has invested over $7 million in capital improvements since 2014 and has an additional $800,000 planned for 2024. The building is a masonry structure with primarily asphalt and modified built-up roofing systems, supported by 46 rooftop HVAC units. The property's flat to gently sloped topography ensures efficient drainage, and a perimeter fence and 24-hour security enhance its safety. The substantial parking area presents a potential opportunity for outparcel development. This Core+ investment offers significant long-term upside potential due to the below-market rental rate and the tenant's substantial investment in the property. The property is located in Richland County, South Carolina, zip code 29210, at 2340 Broad River Rd.

Highlights

  • Rare Core-Plus single-tenant net lease (STNL) investment opportunity anchored by Teleperformance (S&P: BBB, stable), a subsidiary of a global investment-grade rated company.
  • Teleperformance, a global call center leader, occupies the property.
  • Below-market rent offers significant long-term upside potential.
  • Recently extended lease through June 30, 2030.
  • Prime call center location at the intersection of I-20 and I-26.
  • Tenant has invested over $7M in property improvements since 2014, with an additional $800,000 planned for 2024.

Property Details for 2340 Broad River Rd

Property type
Office properties, Office space
Square Feet
135,675 SF
Class
C
Year Built/Renovated
1969/2014
Buildings
1
Stories
1
Lot Size (sq. ft)
761,864 SF
Units
1

Location Insight

City
Columbia
County
Richland
State
South Carolina
Latitude
34.04154493
Longitude
-81.09510575
2340 Broad River Rd, Columbia, South Carolina

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2340 Broad River Rd
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