239 Harbison BlvdColumbia, SC 29212

Property Details for 239 Harbison Blvd

Year built

2009

Lot size

1.01 AC

Property size (Sq ft)

5,040 SF

Zone code

C

Property type

Retail properties

Property subtype

Retail space

APN

001941-01-012

APU

194101012

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,114,229

  6.5%

  $1,028,519

  7%

  $955,053

• Comparable approach

  Method

  Valuation

  Relative Method

  $929,324

  Geo Method

  $2,150,754

• Alternative Use

  Use

  Valuation

  Residential

  $867,594

  Hospitality

  $794,712

  Educational

  $661,191

  Medical

  $683,930

  Retail

  $1,028,519

Location Insight

City

Columbia

County

Lexington

State

South Carolina

Latitude

34.072

Longitude

-81.1611

CBSA code

17900

CBSA name

COLUMBIA, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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