8513 Two Notch Rd
Retail | 7.12% CAP | 16,800 SqFt
Marketing description
Wilson Kibler is pleased to present the opportunity to acquire a single-tenant retail asset at 8513 Two Notch Road in Columbia, South Carolina, leased to Harbor Freight Tools — one of the nation's largest privately held tool retailers.
The offering includes the income-producing Harbor Freight building (±16,800 RSF on ±1.43 acres, built 1966, zoned GC) along with an adjacent ±3.33-acre land parcel on Horseshoe Circle, also zoned GC. The two parcels are offered as a package only, with a total purchase price of $1,750,000 — allocated $1,350,000 to the building and $400,000 to the land. .
The property sits on Two Notch Road with approximately 32,800 vehicles per day, surrounded by a strong mix of national and regional co-tenants including Burger King, Arby's, Waffle House, QuikTrip, Texas Roadhouse, Valvoline, and U-Haul. The site benefits from excellent visibility and direct access to one of Columbia's primary commercial corridors.
This asset represents a stable, fully occupied retail investment in a growing Southeastern market, with the adjacent land parcel providing optionality for future development or repositioning — making it an attractive opportunity for investors seeking dependable income with long-term upside in the Columbia metro.
Investment highlights
- Total Purchase Price (Building + Land)
- Harbor Freight Building (±1.43 AC): $1,350,000
- Horseshoe Circle Land (±3.33 AC): $400,000
- Offered as a package only
- Fully occupied, single-tenant NN retail asset leased to a national credit-quality tenant
- In-place NOI of $96,096 at $5.72/SF
- 7.12% cap rate on building price of $1,350,000
- Lease expiration 01/31/2031 with four (4) additional 5-year renewal options remaining
- Harbor Freight in occupancy since 2015 — demonstrated long-term site commitment
- Adjacent ±3.33-acre GC-zoned land parcel included, offering future development optionality
- High-traffic location on Two Notch Road with ~32,800 VPD
- Strong national co-tenancy: Burger King, QuikTrip, Texas Roadhouse, Arby's, Waffle House
- Columbia metro population of ±861,576 with $2.8B total economic impact — #2 City for Millennial Movers (SmartAsset)
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