Listed by Colliers - Huntsville, Alabama, Colliers - Charlotte, North Carolina, Colliers - Columbia, South Carolina
$4,100,000
368 Harbison Blvd | Aspen Dental & Mattress Firm
Details
APN 002898-01-027
Property Type Retail
Sub Type Shopping Center, Unanchored strip
Square Footage 7,210
Net Rentable (SqFt) 7,210
Cap Rate 6.80%
NOI $278,821
Occupancy 100%
Tenancy Multi
Brand/Tenant Aspen Dental
Year Built 2013
Buildings 1
Acreage 0.960
Parking Spaces 34 spaces
Parking Per SqFt 4.72
Investment Type Stabilized
Ground Lease No
Ownership Free & Clear
Busiest Retail Corridor in the Columbia, SC MSA
Investment highlights
- Excellent Positioning - Strategically positioned just off Exit 103 of I-26 (109,700 VPD), this asset is located along Harbison Blvd (29,500 VPD), which is ranked as the busiest retail corridor in the Columbia, SC MSA by multiple sources. Harbison Blvd, which has multiple exit ramps connected to I-26 heading northwest and southeast, is also home to dominate regional mall - Columbiana Centre and a plethora of popular power centers including Columbiana Station, Harbison Center, and Harbison Court.
- Proven Long-Term Tenancy & Stability - The property offers exceptional tenant stability, with both Mattress Firm and Aspen Dental successfully operating at this location for over 13 years. This sustained occupancy highlights the strength of the site and provides investors with confidence in ongoing performance and tenant retention. Additionally, both tenants maintain two five-year renewal options, further enhancing the asset's long-term income security.
- Expansive Trade Area with Strong Consumer Engagement - The property draws from a broad and diverse trade area, with data from Placer.ai indicating that approximately 43% of visitors travel more than ten miles to reach the site. Additionally, the average dwell time of 49 minutes highlights meaningful consumer engagement, supporting strong tenant performance and repeat visitation.
- Shadow-Anchored by National Retail Powerhouses - The property is shadow-anchored by Walmart, driving consistent traffic to the immediate trade area. It also benefits from direct proximity to renowned national retailers such as Best Buy and Academy Sports + Outdoors, as well as wholesale grocer Sam's Club, creating a synergistic retail environment that supports substantial consumer draw.
- Proximity to Lake Murray - Located just three miles from Lake Murray, one of the region's most popular recreational destinations, the property benefits from consistent visitor traffic drawn to the area. Harbison Blvd serves as the primary retail corridor for both locals and lake-goers, ensuring high exposure and cross-shopping opportunities for tenants.
- Robust Demographics - There are 204K residents within a 15-minute drive of the property, projected to grow by another 3.6% over the next five years. This strong demographic base is further underscored by an average household income of $92K within the same trade area.
Listing Contacts
Listed by Colliers - Huntsville, Alabama, Colliers - Charlotte, North Carolina, Colliers - Columbia, South Carolina
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$278,821.00
$23,235.08/mo
Valuation Metrics
0
DSCR
6.8%
Cap Rate
6.8%
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
