Marcus & Millichap is pleased to present the opportunity to acquire fee simple interest in the brand-new build-tosuit Dollar Tree in Columbia, SC. The freestanding retail building was completed in 2021 and totals 9,993 square-feet, fully leased to Dollar Tree. The subject property rests on approximately 1.42 acres featuring a newly repaved parking lot. Dollar Tree is on a longterm, NN lease with approximately 8.75 years of term remaining with rent escalations occurring each option period and features a corporate guarantee. The subject property is primely positioned on W Beltline Road (21,300+ VPD) and is located just off of I-2 77 (39,900+ VPD). The immediate surrounding area includes other national retailers such as McDonald’s, AutoZone, Burger King, Family Dollar, Boost Mobile, & more. Additionally, the property is in close proximity to the Prisma Health – Richland Hospital (4,200+ employees), & University of South Carolina (38,000+ Students).
The Columbia metro contains the state capitol and the University of South Carolina. As a result, the market has a growing and diverse economy with a strong base in government, education and insurance. The city of Columbia itself is the second most populous city in South Carolina, with 135,000 people. Overall, the metro’s 848,000 residents are spread among six counties in the central portion of the state: Richland, Calhoun, Lexington, Fairfield, Kershaw and Saluda.
Built in 2021 | 100% Leased to Dollar Tree Stores, Inc. | Corporate Guarantee
Original NN Lease | Four, 5-Year Options to Renew with $0.50/SF Rent Escalations Occurring Each Period
Approx. 8.75 Years of Term Remaining | Minimal Landlord Responsibilities
Dollar Tree is a Fortune 500 Tenant with Investment Grade Credit BBB (S&P) | Baa2 (Moody’s)
Strong Demographics | Population of 168,544 with an Average Household Income of $66,838 within a 5-Mile Radius
Ideally Located on W Beltline Rd (21,300+ VPD) | Just Off I-277 (39,900+ VPD)
Close Proximity to Prisma Health Hospital (4,200+ Employees) & University of South Carolina (38,000+ Students)