Anchor Tenants and Retail Mix

The center is anchored by long-standing tenants which provide a stable income stream. This retail mix is complemented by service-oriented retailers catering to the diverse needs of the surrounding community. Nearby, major retailers and shadow anchors, including a ±216,000 SF former Walmart and additional big-box developments, further enhance foot traffic and overall property appeal.

The property has current monthly income of approximately $38,000 which goes up and down based in leasing activity. The pass through operating expenses include a lump sum of about $20,000 per year for roof replacement. Roof is good for 25 years and was installed in approximately 2007. There is approximately $21,000 for MANAGEMENT / administration fees, miscellaneous and contingency that could be saved with better and more effective management. Capital expenses needed now: Basically none expected. Parking lot is in good shape and needs no repair. Owners replaced 6-8 HVAC roof packaged units that should come with 5 year manufacturer warranty and tenants are responsible for All maintenance and repair.

Please note the seller is motivated and the site is unique and has the following upside potential:
1. Replace ridiculously low rent of $6.75/SF for two large Units with market rent of $13 - $14 to generate at least $4,250 per month.
2. Fill up remaining 8,280 SF@ market rent of $13 - $14 to generate another $8,625/M
3. There is a 7 station vacant former franchise beauty salon that can be leased for say $2,000 a month.
4. Provide better site management, cut expenses and effective marketing to fill the place.
5. This would generate offset of monthly op expense of approximately $3,000.
6. All in all there is a lot of room for improvement and upside and combined should boost the value by approximately $2,000,000 if not more. The former Walmart has been bought by probably the largest computer service company in the world, they spent about $9,000,000 remodeling a large portion for themselves, and moved in with about 350 employees on site and are procuring a anchor tenant for the rest and sooner or later one will move in.

Demand Drivers and Key Amenities

This property is ideally positioned near significant business and hospitality drivers:

• Hotels: Nearby hospitality establishments such as Baymont, Doubletree, Hawthorn Suites, and Days Inn consistently draw transient visitors, creating additional customer traffic.

• Corporate Offices: Employers such as DS Smith and NW White & Co contribute to a strong daytime population, driving local demand.

• Downtown Columbia: Located just 10 minutes away, the city center offers access to government offices, corporate headquarters, restaurants, entertainment venues, and cultural landmarks.

• University of South Carolina: Positioned approximately 12 minutes from the property, the university serves over 35,000 students, faculty, and staff, generating consistent economic and retail activity.

• Columbia Metropolitan Airport (CAE): Located only 10 minutes (6 miles) away, providing easy access for business travelers and tourists.