Skip to main content

Single-Tenant Office

UPS Single Tenant NN Leased Office Building

2031 S Centennial Ave, Aiken, SC 29803

Listing Price: Request For Offer

Gross SF
51,250
Rentable SF
51,250
Lot Size
5.38 acres
Year Built
1991

Investment Overview

Marcus & Millichap is proud to offer 2031 S Centennial Ave, a fully occupied single-tenant, net leased office building located within the Centennial Corporate Center in Aiken, South Carolina (the “Property”). Centennial Corporate Center (Building 1) presents a 100% occupied investment opportunity with upside potential at an attractive basis in a dense and growing submarket of Augusta, GA. Built in 1991, the Property is comprised of a single-story, ±51,250 SF office building strategically positioned on a ±5.379-acre parcel featuring approximately 300 dedicated parking spaces. UPS Supply Chain Solutions, Inc has solely occupied the Property on a NN lease since 2001 with the most recent extension in August 2017. UPS Supply Chain Solutions, Inc. is a wholly owned subsidiary of United Parcel Services, Inc. and is a publicly traded company (NYSE: UPS), an investment grade rated company (S&P: A) with a market capitalization in excess of $186.96 Billion (Dec 2021) making it world’s 64th most valuable company by market cap. UPS Supply Chain Solutions consists of forwarding, ground freight, brokerage, logistics and distribution with facilities in more than 200 countries and territories measuring over 40 million square feet. UPS has demonstrated their commitment to the Property with the latest lease extension which runs through April 2026 with annual base rent increases. The Lessee is responsible for all utility expenses, taxes, insurance, and repair and maintenance expenses (pursuant to Section 10 of the original lease). Aiken is the county seat of Aiken County in western South Carolina and is part of the Augusta, GA MSA. It was founded as a railroad town in 1835, then became a “Winter Colony” for the rich in the late 19th century. Today it is home to the Savannah River Site (SRS) Department of Energy site built in the 1950s and covering 310 square miles. Aiken, known for its beautiful gardens, forms the center of South Carolina’s “Thoroughbred Country” and is also home to the University of South Carolina Aiken. The Property is ideally positioned in Aiken’s primary commercial corridor and benefits from close proximity to an abundance of grocers, fast casual dining, education, and restaurants. Nearby national retail tenants include Walmart, Kroger, Bank of America, CVS, Publix, Belk, Cracker Barrel, Lowe’s, Hobby Lobby, Red Lobster, LongHorn Steakhouse, Target, and numerous others. 2031 S Centennial benefits from strong demographics with a population of 51,738 residents and an average household income of $79,689 within a 5-mile radius. The population has experienced 5.86% growth from 2010-2021 with 2.74% growth expected to continue through 2026.

Investment Highlights

  • High quality, single-tenant, net-leased, office building occupied by investment grade rated company, United Parcel Services, Inc (NYSE: UPS; S&P: A)
  • UPS has exhibited a commitment to the Property, demonstrated by continuous use and occupancy for the past 20 years
  • Positioned within Centennial Corporate Center, a ±25-AC office park which features four office buildings leased to other national tenants
  • Highly accessible, amenity-rich suburban location proximate to retail, the University of South Carolina Aiken, and residential neighborhoods
  • Strategic location near the most heavily trafficked intersection in Aiken (combined ±47k VPD) offering excellent accessibility, high traffic counts, and an abundance of commercial amenities
  • Located within the Augusta GA MSA along the I-20 corridor between the state capitols of Columbia, SC and Atlanta, GA approximately 15-miles north of the Savannah River Site

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (843) 952-2300

    License(s) SC: 86628

    South Carolina

Single-Tenant Office

UPS Single Tenant NN Leased Office Building

Listing Price: Request For Offer

Gross SF
51,250
Rentable SF
51,250
Lot Size
5.38 acres
Year Built
1991

Investment Highlights

  • High quality, single-tenant, net-leased, office building occupied by investment grade rated company, United Parcel Services, Inc (NYSE: UPS; S&P: A)
  • UPS has exhibited a commitment to the Property, demonstrated by continuous use and occupancy for the past 20 years
  • Positioned within Centennial Corporate Center, a ±25-AC office park which features four office buildings leased to other national tenants
  • Highly accessible, amenity-rich suburban location proximate to retail, the University of South Carolina Aiken, and residential neighborhoods
  • Strategic location near the most heavily trafficked intersection in Aiken (combined ±47k VPD) offering excellent accessibility, high traffic counts, and an abundance of commercial amenities
  • Located within the Augusta GA MSA along the I-20 corridor between the state capitols of Columbia, SC and Atlanta, GA approximately 15-miles north of the Savannah River Site

Investment Overview

Marcus & Millichap is proud to offer 2031 S Centennial Ave, a fully occupied single-tenant, net leased office building located within the Centennial Corporate Center in Aiken, South Carolina (the “Property”). Centennial Corporate Center (Building 1) presents a 100% occupied investment opportunity with upside potential at an attractive basis in a dense and growing submarket of Augusta, GA. Built in 1991, the Property is comprised of a single-story, ±51,250 SF office building strategically positioned on a ±5.379-acre parcel featuring approximately 300 dedicated parking spaces. UPS Supply Chain Solutions, Inc has solely occupied the Property on a NN lease since 2001 with the most recent extension in August 2017. UPS Supply Chain Solutions, Inc. is a wholly owned subsidiary of United Parcel Services, Inc. and is a publicly traded company (NYSE: UPS), an investment grade rated company (S&P: A) with a market capitalization in excess of $186.96 Billion (Dec 2021) making it world’s 64th most valuable company by market cap. UPS Supply Chain Solutions consists of forwarding, ground freight, brokerage, logistics and distribution with facilities in more than 200 countries and territories measuring over 40 million square feet. UPS has demonstrated their commitment to the Property with the latest lease extension which runs through April 2026 with annual base rent increases. The Lessee is responsible for all utility expenses, taxes, insurance, and repair and maintenance expenses (pursuant to Section 10 of the original lease). Aiken is the county seat of Aiken County in western South Carolina and is part of the Augusta, GA MSA. It was founded as a railroad town in 1835, then became a “Winter Colony” for the rich in the late 19th century. Today it is home to the Savannah River Site (SRS) Department of Energy site built in the 1950s and covering 310 square miles. Aiken, known for its beautiful gardens, forms the center of South Carolina’s “Thoroughbred Country” and is also home to the University of South Carolina Aiken. The Property is ideally positioned in Aiken’s primary commercial corridor and benefits from close proximity to an abundance of grocers, fast casual dining, education, and restaurants. Nearby national retail tenants include Walmart, Kroger, Bank of America, CVS, Publix, Belk, Cracker Barrel, Lowe’s, Hobby Lobby, Red Lobster, LongHorn Steakhouse, Target, and numerous others. 2031 S Centennial benefits from strong demographics with a population of 51,738 residents and an average household income of $79,689 within a 5-mile radius. The population has experienced 5.86% growth from 2010-2021 with 2.74% growth expected to continue through 2026.

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (843) 952-2300

    License(s): SC: 86628

    South Carolina

MM Texture Background
MM Textured Background Lower