For Sale
$3,950,000

239 Harbison BlvdColumbia, SC 29212

High-yield AT&T Net Lease in SC.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 5,000 square foot AT&T storefront located at 239 Harbison Blvd, Columbia, SC 29212, in Lexington County. The property sits on a 1.02-acre lot and boasts a strong 6.08% cap rate with a net operating income (NOI) of $240,000. Currently under a single-tenant net lease with AT&T Inc., a wholly-owned subsidiary of AT&T, the lease commenced February 5th, 2010, and has a remaining term of approximately 4.4 years, expiring April 30th, 2029. The lease includes a favorable 2% annual rent increase, providing inflation-resistant income. Landlord responsibilities are limited to roof and structure maintenance. This strategically located property enjoys high visibility along Harbison Boulevard, experiencing over 31,800 vehicles per day, and benefits from its proximity to major retail corridors, including the Columbiana Centre (a 788,000 square foot super regional mall) and Interstate 26 (with 107,000 vehicles per day), all within a half-mile radius. The asking price is $3,950,000, translating to $790 per square foot. The tenant recently exercised an option to extend their lease, demonstrating confidence in the location's profitability. This property offers a rare opportunity to acquire a high-performing, net-leased asset with a strong tenant and a desirable location in a growing market.

Highlights

  • AT&T corporate lease with early option exercise; $126B market cap.
  • High-density retail location surrounded by major retailers.
  • Strong financial guarantee from AT&T, a wholly-owned subsidiary.
  • Located in a rapidly growing state capital, ranked #3 among growing states.
  • Premium tenant with a rare 2% annual rent increase, long-term occupancy, and recent tenant improvements.
  • Excellent visibility near Harbison Court Center and Columbiana Centre Mall (including Walmart, Belk, and Best Buy).

Property Details for 239 Harbison Blvd

Property type
Retail properties, Retail space
Square Feet
5,000 SF
Lot Size (sq. ft)
44,431 SF

Location Insight

City
Columbia
County
Lexington
State
South Carolina
Latitude
34.0721226
Longitude
-81.1609765
239 Harbison Blvd, Columbia, South Carolina

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239 Harbison Blvd
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