SRS Distribution | West Columbia, SC
Sands Investment Group is Pleased to Present For Sale the SRS Distribution Industrial Triple Net Property Located in West Columbia, SC. This Strategically Located SRS Distribution Has 10 Years of Successful Operating History With Excellent Access Points Situated Off The I-77 & I-26 Interchange and Less Than 5-Miles From the Columbia Airport. With Approximately 8 Years Remaining on a Triple Net (NNN) Lease and Attractive 3% Annual Rent Increases, This Opportunity Provides For a Best-of-Class Investment With an Investment Grade Tenant.
- PASSIVE LONG-TERM INVESTMENT – New 8 Year Lease Extension Commencing August 1, 2022 With a Passive Triple Net (NNN) Lease Structure and Attractive 3% Annual Rent Increases Including Throughout the 2 x 5 Year Options
- EXCELLENT PROPERTY CONDITION – Facility is in Excellent Condition With New HVAC Units Installed in 2022, Concreted Laydown Yard Has Been Incredibly Well Maintained and the Roof is in Immaculate Condition (2022 Roof Report Available By Request)
- STRONG RENT GROWTH – This Submarket Has Seen the Strongest Pace of Rent Growth in More Than a Decade Increasing By 6.4% Over the Last 12 Months
- STRONG DEPRECIATION – Property Will Offer a Great Opportunity For Depreciation, Which Includes a Concreted and Paved Lot of Over 100,000+ SF
- STRATEGIC LOCATION – Excellent Access Points Situated Off the I-77 & I-26 Interchange and Less Than 5-Miles From the Columbia Airport
- EXCELLENT MARKET EXPANSION – New Industrial Construction Underway is 5x the Previous 3 Year Average Largely Driven By Increased Consumer Spending and a Strong Population Growth Which Has Been Among the Nation’s Highest Over the Past 5 Years
In Cooperation With: Sands Investment Group Charleston, LLC – Lic. # 20891 BoR: Chris Sands – Lic # 93103
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