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Shopping Community

Forum II

321 Forum Dr, Columbia, SC 29229

Listing Price: $11,731,000

Cap Rate
7.00%
Gross SF
83,139
Rentable SF
83,139
Price/Gross SF
$141.10
Lot Size
9.90 acres
Year Built
2006

Investment Overview

This offering consists of a first time to market 83,139 square foot HomeGoods, T.J. Maxx, Old Navy, Rue 21 and Shoe Carnival center in the Village at Sandhill, one of the Southeast's largest and most prestigious mixed-use lifestyle developments. Also included in the sale is the adjacent 1.88 acre parcel, which may offer the option to expand the building by up to approximately 20,000 square feet. The property is located in an high growth area of Columbia, South Carolina's state capital. HomeGoods and T.J. Maxx, both owned by S&P A rated TJX Companies, occupy over 67% of the center and account for 60% of the income of the center. All tenants have recently extended their leases. T.J. Maxx, Shoe Carnival and Old Navy have been in this location since the property was built in 2006. The attractive building lies on approximately 9.9 acres with an exceptionally high parking ratio of 6.13 Spaces/1,000 square feet. The area has favorable demographics with average household income of almost $100,000 and population growth of seven percent.

Investment Highlights

  • Highly Desirable Junior Box Center Shadow to 300 Acre Lifestyle/Mixed-Use Development Village at Sandhill
  • 100% National Tenancy- Leased to HomeGoods, T.J. Maxx, Old Navy, Rue21 and Shoe Carnival, All of Which Recently Renewed Their Leases, Confirming Commitment to the Location
  • The Offering Includes an Addional Parcel of 1.88 Acres, Which May Allow For Expansion of Up to 20,000 Square Feet

Exclusively Listed By

  • Lori Schneider

    Executive Managing Director Investments

    (954) 245-3484

    Email Lori

    License(s): FL: SL 629661, NC: LC152

    Fort Lauderdale

  • David E. Gant

    First Vice President Investments

    (954) 245-3446

    Email David

    License(s): FL: SL 671779, NC: LC153

    Fort Lauderdale

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (843) 952-2300

    License(s) SC: 86628

    South Carolina

Shopping Community

Forum II

Listing Price: $11,731,000

Cap Rate
7.00%
Gross SF
83,139
Rentable SF
83,139
Price/Gross SF
$141.10
Lot Size
9.90 acres
Year Built
2006

Investment Highlights

  • Highly Desirable Junior Box Center Shadow to 300 Acre Lifestyle/Mixed-Use Development Village at Sandhill
  • 100% National Tenancy- Leased to HomeGoods, T.J. Maxx, Old Navy, Rue21 and Shoe Carnival, All of Which Recently Renewed Their Leases, Confirming Commitment to the Location
  • The Offering Includes an Addional Parcel of 1.88 Acres, Which May Allow For Expansion of Up to 20,000 Square Feet

Investment Overview

This offering consists of a first time to market 83,139 square foot HomeGoods, T.J. Maxx, Old Navy, Rue 21 and Shoe Carnival center in the Village at Sandhill, one of the Southeast's largest and most prestigious mixed-use lifestyle developments. Also included in the sale is the adjacent 1.88 acre parcel, which may offer the option to expand the building by up to approximately 20,000 square feet. The property is located in an high growth area of Columbia, South Carolina's state capital. HomeGoods and T.J. Maxx, both owned by S&P A rated TJX Companies, occupy over 67% of the center and account for 60% of the income of the center. All tenants have recently extended their leases. T.J. Maxx, Shoe Carnival and Old Navy have been in this location since the property was built in 2006. The attractive building lies on approximately 9.9 acres with an exceptionally high parking ratio of 6.13 Spaces/1,000 square feet. The area has favorable demographics with average household income of almost $100,000 and population growth of seven percent.

Exclusively Listed By

  • Lori Schneider

    Executive Managing Director Investments

    (954) 245-3484

    Email Lori

    License(s): FL: SL 629661, NC: LC152

    Fort Lauderdale

  • David E. Gant

    First Vice President Investments

    (954) 245-3446

    Email David

    License(s): FL: SL 671779, NC: LC153

    Fort Lauderdale

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (843) 952-2300

    License(s): SC: 86628

    South Carolina

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