4800 Garners Ferry RdColumbia, SC 29209

Property Details for 4800 Garners Ferry Rd

Year built

1981

Construction

FRAME

Property size (Sq ft)

5,170 SF

Zone code

RSF-1

Property type

Commercial real estate

APN

R13814-11-02

APU

R138141102

Description

This exceptional investment opportunity presents a 3,700 square foot, Class A, single-tenant retail property leased to Chase Bank under an absolute NNN lease. Located at 4800 Garners Ferry Rd, Columbia, SC 29209, this property boasts a prime corner location with high visibility and traffic counts (44,300 VPD on Garners Ferry Rd). The 15-year lease, commencing January 28, 2024, and expiring January 27, 2039, includes a 10% rent increase every five years, providing consistent income growth. Three additional five-year options with 10% increases further enhance the long-term value. The property benefits from a strong location near major retailers (Target, Whole Foods, Michaels, etc.), educational institutions (University of South Carolina, Midlands Technical College), and downtown Columbia. Recently renovated in 2023, this investment offers a 4.00% cap rate and a substantial net operating income (NOI) of $158,000. The ground lease also expires January 27, 2039. This is an ideal opportunity for investors seeking a passive income stream backed by a highly-rated tenant (A+ S&P credit rating for JP Morgan Chase Bank, N.A.) in a thriving retail market with limited vacancy. The property is situated on a ground lease.

Location Insight

City

Columbia

County

Richland

State

South Carolina

Latitude

33.9882

Longitude

-80.9733

CBSA code

17900

CBSA name

COLUMBIA, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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