Overview

Description

Atlantic Investments is pleased to present the opportunity to acquire the Shops at Garners Ferry, a fully occupied strip center with 7,500 SF of leasable space located in Columbia, SC. The Subject property is an outparcel of a Walmart Supercenter that sits to the Southeast of Downtown Columbia and just a mile from I-77. The center was built in 2012 and current tenants include Aspen Dental, T-Mobile, The Groove Smoothie, and Carolina Salon Suites.

The Shops at Garners Ferry is located on the corner of a signalized intersection and has tremendous visibility from both Garners Ferry Rd and Patterson Rd. At 100% Occupancy, the property provides an opportunity for an investor to acquire a stabilized strip center with internet resistant tenants, located in a thriving retail submarket.

The property enjoys a population density of about 40k people in a 3-mile radius and within a 1-mile radius, population growth has been 30% in the last nine years. The center also enjoys tremendous traffic counts of 41k VPD on Garners Ferry Rd and Average Annual Household Income of over $65k in a 3 mile radius.

Highlights

• Stabilized Center with triple net leases
• Excellent visibility and frontage on one of Columbia’s busiest Retail Corridors
• Strong Mix of Internet Resistant Tenants
• Densely Populated Area (Over 39,000 people in 3-mile Radius)
• Located less than 2 miles from USC School of Medicine
• Located in front of a high performing Walmart Supercenter
• Tremendous Traffic Counts (41,500 VPD on Garners Ferry Rd; 63,800 VPD on I-77)
• Property is located in an area of rapid growth (30% population growth in 1-mile Radius)
• NOI Growth guaranteed by in-place rental increases

Documents

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