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Details: Retail

Asking Price: $3,480,000

Square Feet: 36,884 SF

Asking Cap Rate: 7.00%

Year Built: 1986

NOI: $243,616

Arcadia Lakes

6432 Two Notch Rd, Columbia, SC 29223

  • Value Add
    • 75% occupied, offering immediate lease-up upside
    • Five tenants on month-to-month leases, providing flexibility for rent increases or re-tenanting
    • Rents at Arcadia Lakes average $10/SF, well below the estimated market rate of $18–$20/SF
  • Tenant Mix
    • Strong mix of local operators and national credit, including Rent-A-Center, Pizza Hut, Boost Mobile and Heights Finance
  • Positioning
    • Efficient parallel layout with three points of ingress/egress supporting strong accessibility and traffic flow
    • Highly visible along Two Notch Road, one of Columbia’s busiest commercial corridors
  • Location
    • Centrally located within the primary retail corridor
    • Convenient access via major interstates, including I-20 and I-77
  • Strong Traffic Counts
    • 19,596 VPD
  • Strong Demographics
    • 3 Mile: 53,872
    • 5 Mile: 129,341
    • 10 Mile: 389,660

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