Grocery anchored: Neighborhood Retail anchored by Bi-Lo (46,649 sf) at conservative $7.00 PSF NNN rent and under a fresh 10-year renewal term. Southeastern Grocers is parent firm of Bi-Lo, Winn Dixie and Harvey’s grocery chains including 750+ stores across the Southeastern U.S
Stable, high quality income stream from established, successful tenant mix including nationals: Bi-Lo, Hobby Lobby, Dollar Tree, Rent-A-Center, CATO, St. Andrews Fitness d/b/a MÜV Fitness, GNC, Sally Beauty, etc. generating 80+ percent of total gross income.
High visibility and traffic counts: 33,600± cars per day pass near the shopping center along the Augusta Rd (US Hwy #1) the major commercial corridor connecting West Columbia to downtown Columbia. Strategically located at the intersection of 1-26 and Augusta Road.
Upside potential through lease-up of five (5) available tenant spaces continued rent growth.
One outparcel available for development is included in the sale.
Columbia MSA: the second largest MSA in South Carolina with a combined population of 800,000+ residents, State Capitol and home of the University of South Carolina (50,000 students). Columbia MSA is experiencing 2.5% job growth in 2015.
2305-2349 Augusta Blvd. | Columbia, SC 29169
Square Footage: ± 222,630
Year Built: 1988
Acreage: ± 23