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Forum II
321 Forum Dr, Columbia, SC 29229
Listing Price: $11,731,000
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.
Forum II
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
Listing Price: $11,731,000
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.
