4800 Garners Ferry Rd - Bank FOR SALE


Columbia, SC 29209
$3,950,000 USD
803-331-8088
4800 Garners Ferry Rd, Columbia, SC for Sale
$3,950,000 USD
Bank - FOR SALE
1/6
null | 4% Cap Rate

4800 Garners Ferry Rd
Columbia, SC 29209


HIGHLIGHTS

  • NEW Chase Bank Absolute NNN Lease Sale
  • Prime Corner Signaled Light Location w/ 44,300 VPD
  • A+ S&P Credit Rating for JP Morgan Chase Bank, N.A.
  • 15 year Lease w/ a 10% rental increase in year 6 and year 11
  • Close to Downtown Columbia, University of South Carolina, USC Medical School & Midlands Tech. College
  • Strong Retail Trade Area w/ Whole Foods/Marshalls/Michael's & PetSmart

OVERVIEW

HIGHLIGHTS • Absolute NNN Ground Lease with zero landlord responsibilities • A+ S&P Credit Rating for JP Morgan Chase Bank, N.A. • Strong retail location with excellent frontage on 2 major thoroughfares • Total renovation of former bank to be complete Fall 2023 • 15 year Lease w/ a 10% rental increase in year 6 and year 11 • Three (5) year options w/ 10% increases • Close proximity to Downtown Columbia, University of South Carolina, USC Medical School and Midlands Technical College • High Traffic: Garners Ferry: 44,300 VPD • Retail area has limited availability and low vacancy • Perfect 1031 exchange property or passive investment opportunity for any investor

FOR SALE DETAILS

PRICE

$3,950,000 USD

PRICE/SF

$1,068 USD /SF

CAP RATE

4%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chase Bank Absolute NNN Lease Sale

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1981

SPRINKLERS

-

PARKING SPACES

28

LAND DETAILS

LAND ACRES

0.86 AC

LAND SF

37,462 SF

ZONING

C-3

APN/PARCEL ID

13814-11-02

ASK ABOUT THIS PROPERTY

James Harrison CCIMCypress Commercial & Investment Real EstateMore Info
803-331-8088

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James Harrison CCIMCypress Commercial & Investment Real EstateMore Info
803-331-8088

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