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Electronics

Best Buy

370 Harbison Blvd, Columbia, SC 29212

Listing Price: $9,375,000

Cap Rate
6.17%
Tenant Name
Best Buy
Years Remaining On Lease
3.7
Guarantor
Corporate Guarantee
Rentable SF
46,282
Lease Type
Absolute Net
Rent Per Square Feet
$12.50

Investment Overview

Marcus & Millichap is pleased to present the fee simple interest in the Best Buy property in Columbia, South Carolina. Columbia continues to experience a boom with a 5-mile population of more than 100,000 people. The offering is ideally positioned off of Interstate 26 and Harbison Boulevard- which provides excellent visibility to the tenant from the 120,000+ vehicles that drive by each day. This area has experienced retail growth as well, evidenced by the numerous national, regional, and local retailers in the immediate area. Best Buy is located in a dense retail corridor with some of the many traffic drivers including The Home Depot, Lowe’s, Walmart, Value City Furniture, McDonald’s, Panera Bread, Bob Evans, Chick-fil-A, Verizon, Nordstrom Rack, and Target. Best Buy recently signed a new 5-year extension with no early termination clause. This strong, corporate guarantee also features impressive 10% rent bumps every five years in the last remaining option period. The offering allows for an incoming investor to acquire a stable cash flow with a credit-worthy tenant and a hedge against inflation. Columbia continues to experience growth in population. The 5-mile population also boasts and average household income of $75,577.

Investment Highlights

  • Prime Location¦ Directly off of I-26
  • Proven Location ¦ Tenant has Occupied This Location since 1995
  • Excellent Visibility with more than 120,000 Vehicles Per Day Passing By

Exclusively Listed By

Broker of Record

  • Drew Babcock

    First Vice President Investments

    (803) 678-4900

    License(s) SC: 39872

    South Carolina

Listing Price: $9,375,000

Cap Rate
6.17%
Tenant Name
Best Buy
Years Remaining On Lease
3.7
Guarantor
Corporate Guarantee
Rentable SF
46,282
Lease Type
Absolute Net
Rent Per Square Feet
$12.50

Investment Highlights

  • Prime Location¦ Directly off of I-26
  • Proven Location ¦ Tenant has Occupied This Location since 1995
  • Excellent Visibility with more than 120,000 Vehicles Per Day Passing By

Investment Overview

Marcus & Millichap is pleased to present the fee simple interest in the Best Buy property in Columbia, South Carolina. Columbia continues to experience a boom with a 5-mile population of more than 100,000 people. The offering is ideally positioned off of Interstate 26 and Harbison Boulevard- which provides excellent visibility to the tenant from the 120,000+ vehicles that drive by each day. This area has experienced retail growth as well, evidenced by the numerous national, regional, and local retailers in the immediate area. Best Buy is located in a dense retail corridor with some of the many traffic drivers including The Home Depot, Lowe’s, Walmart, Value City Furniture, McDonald’s, Panera Bread, Bob Evans, Chick-fil-A, Verizon, Nordstrom Rack, and Target. Best Buy recently signed a new 5-year extension with no early termination clause. This strong, corporate guarantee also features impressive 10% rent bumps every five years in the last remaining option period. The offering allows for an incoming investor to acquire a stable cash flow with a credit-worthy tenant and a hedge against inflation. Columbia continues to experience growth in population. The 5-mile population also boasts and average household income of $75,577.

Exclusively Listed By

Broker of Record

  • Drew Babcock

    First Vice President Investments

    (803) 678-4900

    License(s): SC: 39872

    South Carolina

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