Walmart Shadow Center

Walmart Shadow Center

321 Killian Rd
Columbia, SC

Price: $8,045,000
Cap: 7.25%
NOI: $583,127
Building Size: 34,000 SF
Lot Size: 5.05 AC

Investment Highlights

WALMART SUPERCENTER SHADOW CENTER
• The property is a 34,000 SF Walmart shadow anchored retail center located in Columbia, SC
• This center has a strong history of tenant performance and is fully stabilized at 100% occupancy
• The center includes a complementary mix of e-commerce resistant tenants with uses such as medical, service, restaurant, liquor store, & more
• National Brands include CATO, Shoe Show, T-Mobile, Sports Clips, GameStop, TitleMax, & Verizon Wireless
• The center is shadow anchored by a high-performing Walmart since 2008 | Walmart owns the Walmart

HISTORY OF STRONG PERFORMANCE
• Average Tenant Tenure | 11.33 Years
• 52% of GLA are original Tenants | CATO, Shoe Show, T-Mobile, JD Fashions, Sports Clips, Mexican Restaurant
• Leasing Momentum | 12 Renewals & 1 new lease since 2020
• The 12 tenants who exercised renewals makes up 92% of the GLA

DOMINANT RETAIL LOCATION
• Killian Marketplace sees 2.1M annual visits
• It is one of the busiest shopping centers in Columbia, ranking in the top 13% of all shopping centers within a 50-Mile radius of the property
• Shopping Center pulls from a 35-mile trade area

GROWING RETAIL CORRIDOR | NEW DEVELOPMENTS
• This shopping center is positioned on the high traffic retail corridor of Killan Rd. (34,900 VPD)
• Interstate Location | Located just off the exit ramp of I-77 (91,100 VPD)
• Killian Rd. is a rapidly growing corridor in a dense pocket of Columbia
• Adjacent to the site is the new Killian Crossing Development, a new 400-acre mixed use development that includes a large subdivison along with Kroger, Chick-Fil-a, Starbucks, among many others
• The retail district extends along Killian Road and Farrow Road and allows for larger retail and service-oriented retail uses
• The Town center will feature a bustling main street, complete with boutiques, specialty shops, restaurants, cafes, apartments and a movie theater

COLUMBIA, SC
• Columbia is the capital and lar gest city in the state of South Carolina with a population of over 800,000.
• Columbia’s airport serves 1.5 million passengers a year with flights to all major East Coast Markets.
• 14 Fortune 500 Companies contribute to Columbia’s $31.97 Billion GDP
• Columbia is home to the University of South Carolina with a 30,000 student enrollment.
• Columbia is home to Fort Jackson, the largest and most ac tive initial entry training center in the U.S. Army which trains 60,000 soldiers annually.

Zach Taylor
OFFERING MEMORANDUM

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