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Urban Outfitters & Hickory Tavern

912 Gervais St. & 907 Senate St

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Columbia, SC 29201

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Urban Outfitters & Hickory Tavern

912 Gervais St. & 907 Senate St

Columbia, SC 29201

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Contact Broker

Square
Jimmy Wright Shareholder & Broker

jwright@furmancap.com
(O) 864.232.9040
(F) 864.235.4300

 
Square
Peter Couchell, CCIM Shareholder & Broker/Senior VP - Furman Capital

couchell@furmancap.com
(O) 864.232.9040
(F) 864.235.4300

 
Square
Rob Schmidt Broker

rschmidt@furmancap.com
(C) 864.283.4530
(O) 864.678.5995
(F) 864.235.4300

 


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Sale Overview

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For Sale
Price:
$5,650,333
Building Size:
15,058 SF
Property Type:
Retail
Lot Size:
0.66 Acres
OM - 912 Gervais St & 907 S...
 


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
  • Sale Price: $5,650,333
  • Cap Rate: 6.00%

Description

For Sale Multi-Tenant Retail Investment Property.

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