239 Harbison Blvd, Columbia, SC 29212

Clarke Todd

PRO

WY RE-14135, ID SP52020 (+1)

Marc Ozburn

NC 31991

Rox Pollard, Jr.

SC 23144

Hamilton Page Jenkins

Listed by Colliers - Huntsville, Alabama, Colliers - Charlotte, North Carolina, Colliers - Columbia, South Carolina

$3,500,000

1 day on market

Updated 1 day ago

AT&T

Details

APN

001941-01-012

Property Type

Retail

Sub Type

Single-tenant

Square Footage

5,000

Tenancy

Single

Lease Type

NNN

Year Built

2009

Acreage

1.020

Parking Spaces

48 spaces

Parking Per SqFt

9.60

Investment Type

Net Lease

Ground Lease

Busiest Retail Corridor in the Columbia, SC MSA

Investment highlights

Excellent Positioning - This asset is located along Harbison Blvd (25,000 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.
Established Tenancy with Re-Tenanting Upside - AT&T has operated at the property since 2009, demonstrating a long-standing commitment to the location and its underlying real estate fundamentals. While the current lease expires in 2029 with no remaining options, the tenant's tenure provides stability in the near term. In the event of vacancy, the site's strong visibility, access, and surrounding retail dynamics position it as an attractive opportunity for quick-service restaurant users or other high-performing retail concepts.
Passive, Low-Management Investment - The lease structure requires the tenant to be responsible for the majority of operating expenses, with the landlord being responsible for maintenance to the roof and structure. This framework creates a highly passive investment profile ideal for investors seeking stable income with limited management responsibilities.
Robust Demographics - There are 159K residents within a 15-minute drive of the property, projected to grow by another 3.5% over the next five years. This strong demographic base is further underscored by an average household income of $96K within the same trade area.
Strong Adjacent Development - The subject property benefits from surrounding development, including a newly constructed Chase Bank to the northeast and a planned Panda Express to the southeast. This continued investment in the immediate area reinforces the corridor's long-term viability and drives consistent consumer traffic to the site.
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 strong exposure and cross-shopping opportunities for tenants.