287 Lee St - Freestanding FOR SALE


Johnston, SC 29832
$600,000 USD
770-312-9840
287 Lee St, Johnston, SC for Sale
$600,000 USD
Freestanding - FOR SALE
1/4
null | 4.49% Cap Rate

287 Lee St
Johnston, SC 29832


HIGHLIGHTS

  • Major Retailer with +/- 600 locations
  • Gross lease with low in-place rent: Upside Potential
  • Augusta MSA Advantage
  • Fitting Demographic Profile

OVERVIEW

Colliers is pleased to offer qualified investors the opportunity to acquire a singletenant Citi Trends in the town of Johnston, South Carolina in the Augusta MSA. In January 2024, Citi Trends signed a lease amendment that extended their lease through July 31, 2026. Citi Trends, which was founded in 1958 in Savannah, Georgia is publicly traded on the Nasdaq under the ticker CTRN. In total, Citi Trends has ~600 stores in 33 states and was a top 50 retailer per HTT’s top 50 Retailers report for 2022. The company employs over 5,000 people and their low-cost concept is critical in the current high inflation development. The subject property benefits from being located within the Augusta MSA, the thirdlargest MSA in Georgia, with a population of +/- 630,000 residents. Johnston benefits from being centrally located to Augusta and Columbia as it sits on major transportation routes such as U.S. 121. The economy has strong agriculture and agribusiness ties as the area produces about 60% of the state of South Carolina’s peaches, of which the state is the second largest producer in the United States.

FOR SALE DETAILS

PRICE

$600,000 USD

PRICE/SF

$69 USD /SF

CAP RATE

4.49%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Citi Trends

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.81 AC

LAND SF

35,284 SF

ZONING

-

APN/PARCEL ID

180-15-01-006-000

ASK ABOUT THIS PROPERTY

Henry KushnerColliersMore Info
770-312-9840

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Henry KushnerColliersMore Info
770-312-9840

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.