Carolina Crossing | Columbia, SC
Sands Investment Group is Pleased to Present For Sale the Carolina Crossing Shopping Center Located in Columbia, South Carolina. This is a Value-Add Retail Strip Center With a Diverse Mix of Service Based, Local Credit Tenants, Paying Below Market Rent. The Property Has a 2,750 SF Space Available For Immediate Lease Up (71.43% Occupied). With Market Rents Around $14/SF Triple Net (NNN), This Provides a New Owner Significant Upside Potential in Leasing Up the Vacancy and Rolling the Existing Tenants to Market Rates. The Property is Conveniently Located Just 15 Minutes From University of South Carolina and is Just Off of I-77 (83,333 VPD) With Great Access and Visibility From Farrow Road (23,194 VPD).
- Value Add Investment: 71% Occupied Strip Center in the Growing Market of Columbia, SC – Tenancy Includes a Diverse Mix of Service Based Local Credit Tenants; With 2,750 SF of Space Available For Immediate Lease Up and All the Existing Month-to-Month Leases, This Allows a New Investor to Realize Immediate Upside With Leasing the Vacancy and Pushing Existing Tenants to Market Rates and Triple Net (NNN) Reimbursements
- University of South Carolina: Columbia is Not Only the Capital City of South Carolina, But it is Also Home to the University of South Carolina With an Impressive Enrollment of 35,471 Students – The Property is Less Than 15 Minutes Away From the University
- Strong Daytime Traffic: The Property Benefits From High Daytime Population Within a 3-Mile Radius of 21,074 Employees, The Property Sits in the Middle of Multiple Business Parks With Tenants Meeting the Needs of These Employees
- Property Location: The Property Sits Along Farrow Road That Sees an Impressive 23,194 VPD With Excellent Visibility and is Conveniently Located at the First Intersection Right Off I-77 That Sees 83,333 VPD
- The Population Within a 5-Mile Radius of the Property Grew By 10.8% From 2010 – 2022 With Expected Growth of 5.2% in the Next 5 Years
In Cooperation With Sands Investment Group Charleston, LLC – Lic. #20891 BoR: Chris Sands – Lic. SC #93103
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