Urban Outfitters & Hickory Tavern

912 Gervais St. & 907 Senate St
Columbia, SC 29201
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Sale Overview

Price:$5,425,000
Building Size:15,058 SF
Property Type:Retail
Total Lot Size:0.66 Acres

Highlights

  • In the epicenter of The Vista, Columbia’s premier urban shopping and dining destination
  • Located 1/2 a mile to the University of South Carolina main campus (±33,772 enrollment)
  • 2-blocks to Colonial Life Arena hosting ±70 events a year and the ±142,500 SF Columbia Metropolitan Convention Center
  • Only two blocks from CBD with a daytime population of ±59,418 within 1 mile, and ±155,594 within 3 miles
  • Columbia’s MSA population of 817,488 has grown by 26% since 2000
  • Completely renovated in 2013/2014 with new roof that includes 15 year warranty, HVAC, asphalt, floor, utilities, and glass
  • Significant term remaining for both tenants (±8.5 years remaining on Urban Outfitters and ±9 years remaining on Hickory Tavern)
  • Minimal Landlord responsibilities
  • Scheduled NOI growth of 14.3% by 2024
  • Reduced Sale Price: $5,425,000
  • Cap Rate: 6.25%

Description

For Sale Multi-Tenant Retail Investment Property.

Location

Located on Gervais Street & Senate Street. Property fronts on two main arteries.

Contact Broker

SquareJimmy Wright
Shareholder & Broker
SquarePeter Couchell, CCIM
Shareholder & Broker/Senior VP - Furman Capital

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Documents


Website file type pdfFlyer - 912 Gervais St & 907 Senate St, Columbia, SC
Updated about 1 month ago

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