Columbia, SC - Big Blue Marble Academy

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, corporate guaranteed, Big Blue Marble Academy investment property located in Columbia, South Carolina. The tenant, Big Blue Marble Academy, LLC recently signed a brand new 20-year lease with 2 (5-year) options to extend, demonstrating their commitment to the site. The lease features annual 2% rental increases throughout the initial term and the option periods, steadily growing NOI and hedging against inflation. The lease is NNN leased with limited landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor.

The property features direct access and excellent visibility to Killian Road, which averages 38,300 vehicles passing by daily and is a major retail thoroughfare serving the city of Columbia. The Big Blue Marble Academy is located just east of Interstate 77 (93,200 VPD), a major north/south travelling thoroughfare connecting Charlotte and Columbia. Additionally, the site is positioned adjacent to a Kroger Grocery anchored center, helping provide additional consumer flow to the trade area. Furthermore, the asset is located just west of a Lowe’s Home Improvement anchored center, with other nearby national/credit tenants including ALDI, AutoZone, and more. Moreover, the property is situated just east of a Walmart Supercenter anchored center that also features Cato fashions, Shoe Dept, and more. The property is in the center of a primary retail corridor with other nearby national/credit tenants including CVS Pharmacy, Walgreens, Dollar General, Dollar Tree, Hibbett Sports, O’Reilly Auto Parts, and more, further increasing consumer traffic to the site. The 5-mile trade area is supported by a population of over 95,400 with an average household income of $92,082.