Listed by Sands Investment Group Austin
$1,100,000
SiteOne Landscape Supply - Columbia, SC
Details
Property Type Industrial
Sub Type Distribution, Warehouse
Square Footage 6,000
Cap Rate 6.08%
NOI $66,844
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 8
Lease Expiration 06/30/2032
Remaining Term 6.1
Rent Bumps Yes
Lease Options 3 x 2 Year Options
Price per SqFt $183
Year Built 1995
Acreage 1.000
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 06/28/2024
Ground Lease No
SiteOne (NYSE: SITE) | 3.5% Annual Increases | Cheap Rent | Long Term Lease | Columbia, SC
Marketing description
Sands Investment Group is pleased to exclusively offer for sale the 6,000 SF SiteOne Landscape Supply located at 100 Sunbelt Boulevard in Columbia, SC. This offering features a lease with minimal landlord responsibilities and strong annual 3.5% rent escalations, providing investors with a stable and passive income opportunity. Additionally, the lease transitions to an Absolute Triple Net (NNN) Lease structure during the option periods, creating further long-term upside and making this an attractive investment opportunity.
Investment highlights
- National Credit Tenant: SiteOne Landscape Supply (NYSE: SITE) is the largest and only national wholesale distributor of landscaping products in the United States and Canada. SiteOne operates over 690 stores across 45 states and 6 Canadian provinces and has a revenue of $4.70B (2025).
- Passive Lease Structure: The lease provides very limited landlord responsibilities and strong annual 3.5% rent escalations, making this a great opportunity for an investor looking for a hands-free passive investment. Additionally, during the option period, the lease transitions to an Absolute Triple Net (NNN) Lease, offering further potential for future upside.
- Strategically Located: The facility is strategically located less than 3 miles away from SiteOne's other Stone Center location in the market. This site also provides strong access to Interstate 20 (I-20), the primary east-west highway traversing the northern part of Columbia, SC, which gives the tenant the ability to service the entire market.
- Long-Term Tenancy: SiteOne has been operating out of this facility since 1995 and recently signed a new, fresh 8-year lease, demonstrating a long-term commitment to this location and market.
- Desirable IOS Asset Class: The excess yard space at this location allows for significant industrial outdoor storage (IOS), which is one of the most sought-after asset classes in today’s market.
- Strong Industrial Pocket: The facility is strategically positioned in a robust industrial corridor, surrounded by a network of synergistic national tenants. Notable nearby companies include Sunbelt Rentals, Ewing Supply, DHL, SCP Distributors, Johnstone Supply, Herc Rentals, United Rentals, Bobcat, and Blanchard Equipment (CAT).
Listing Contacts
Listed by Sands Investment Group Austin
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$66,844.00
$5,570.33/mo
Valuation Metrics
0
DSCR
6.08%
Cap Rate
6.08%
ROI
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