450 Columbiana Dr, Columbia, SC 29212
10,100 SF | Retail Building | Columbia, SC 29212 | $3,339,899 ($331/SF) | 6.50% Cap Rate
Asking Price $3,339,899
- Property Type
-
Retail
- Square Feet
- 10,100 SF
- Price / Square Foot
- $331
Listing Contacts
- Property Info
Property Overview
Northmarq is pleased to exclusively offer for sale a single-tenant early education property leased to Cadence Education in Columbia, SC. There are approximately 10 years remaining on a corporate, NNN lease with 2% annual rental increases. Cadence Education schools are corporately operated and have more than 300 schools as members of the Cadence Education Family of Schools across the country. The property is conveniently near a retail hub, which has large national tenants such as Lowe's Home Improvement, Home Depot, Academy Sports + Outdoors, Sam's Club, Best Buy, Walmart, Costco and Target amongst others, as well as the Columbiana Centre shopping mall less than a mile away. Residents are provided an extremely convenient location for their early education needs and, with two elementary schools within a 2-mile radius, this property will serve as a strong feeder school. This area also boasts an excellent average household income of $102k+ within 5 miles and is expected to grow 17.87% by '29.
Property Details
- Class
- B
- Year Built
- 1996
- Stories
- 1
- Property Subtype
- Day Care Facility/Nursery
- Lot Size (sq. ft)
- 58,806 SF
Highlights
- Corporate 300+ Unit Operator Ranked #7 on Top 50
- Strong Private Equity Backing from Apax Partners
- 10-Year NNN Lease (Min. LL Responsibilities) & 2% Increases Annually
- Established Center with 27+ Yr. Operating History
- Avg. HH Income of $102K+ & Projected to Grow 17.87% by '29
- Population Counts Exceed 93k & Projected to Grow 2.36% by '29
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