600 Gervais St - Restaurant FOR SALE


Columbia, SC 29201
$4,476,000 USD
704-697-1900
600 Gervais St, Columbia, SC for Sale
$4,476,000 USD
Restaurant - FOR SALE
1/5
null | 6.5% Cap Rate

600 Gervais St
Columbia, SC 29201


HIGHLIGHTS

  • CLOSE PROXIMITY TO UNIVERSITY OF SOUTH CAROLINA
  • LOCATED IN ESTABLISHED “VISTA” NEIGHBORHOOD
  • STRONG LEASE FUNDAMENTALS

OVERVIEW

STRONG LEASE FUNDAMENTALS - 10% rent increases in each option period - Absolute NNN providing no Landlord Responsibilities - Three (3) - Five (5) year option periods POSITIONED IN A STRONG RETAIL NODE - Over 2.7MSF of retail space within a 1-mile radius of asset - Nearby major retailers include: Publix Super Market, Halls Chophouse, Longhorn Steakhouse, and lots of others LOCATED IN ESTABLISHED “VISTA” NEIGHBORHOOD - The Vista has more than 8k multifamily units in a two mile radius, over 8k student housing beds, and averages 1.8M visitors monthly - Site is walking distance to the South Carolina State House, The Columbia Metropolitan Convention Center, The Congaree waterfront, and much more CLOSE PROXIMITY TO UNIVERSITY OF SOUTH CAROLINA - Site is located 1 mile from The University of South Carolina - 444 acre campus ranked #61 in Top Public Schools (US News) - USC has over 38,000 students and more than 15,000 employees COLUMBIA, SC - The South Carolina State Capital has an annual growth rate of 1.46% and has the population has grown more than 6% since 2020 - Columbia has a strong job market with projected job growth of over 27% in the next ten years - Healthcare and Education industries are the major economic drivers

FOR SALE DETAILS

PRICE

$4,476,000 USD

PRICE/SF

$683 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Twin Peaks Restaurant

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2015

SPRINKLERS

-

PARKING SPACES

95

LAND DETAILS

LAND ACRES

0.82 AC

LAND SF

35,719 SF

ZONING

Commercial

APN/PARCEL ID

08912-08-04

ASK ABOUT THIS PROPERTY

David HoppeAtlantic Capital PartnersMore Info
704-697-1900

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David HoppeAtlantic Capital PartnersMore Info
704-697-1900

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