538 St Andrews RdColumbia, SC 29210

Property Details for 538 St Andrews Rd

Year built

1997

Lot size

0.85 AC

Property size (Sq ft)

3,233 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a 3,233 square foot, Class A retail property located at 538 St Andrews Rd, Columbia, SC 29210. The property, built in 1997 and situated on a 0.85-acre lot, is a thriving Shell fuel station and convenience store operating under an absolute NNN lease with a franchisee tenant. The lease, boasting a remaining term of 17.6 years (expiring July 31, 2042), includes favorable 1.5% annual rent bumps. The current Net Operating Income (NOI) stands at $120,194, yielding an attractive 6.75% cap rate. This hard-corner location benefits from excellent visibility and accessibility, with daily traffic exceeding 24,000 vehicles. The property is in a densely populated area, with over 118,000 people residing within a 5-mile radius, in Columbia, the 10th fastest-growing city nationally. The tenant, a highly experienced operator with 42 units, is committed to regional expansion. This investment offers significant tax benefits through accelerated depreciation and cost segregation, making it a compelling opportunity in a recession-resistant industry. The asking price is $1,780,000.

Location Insight

City

Columbia

County

Lexington

State

South Carolina

Latitude

34.0449

Longitude

-81.1266

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