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Knox Abbott Village Shopping Center 1305 Knox Abbott Dr 6,300 SF 100% Leased Retail Building Cayce, SC 29033 $2,250,000 ($357.14/SF) 7.03% Cap Rate
EXECUTIVE SUMMARY
Strong Tenant History: Three of four tenants have occupied the building since the initial construction in 2016.
Long-Term Lease Commitments: Wings Co. recently executed a 10-year lease and Pure Nail Spa extended early for an additional 5-year term.
Attractive Rent/NOI Growth: Today’s Dental, Pure Nail & Spa, and Great Clips feature scheduled annual 3% rent escalations, providing stable income and predictable growth. Wings Co. sees 10% increase every 5 years.
Landlord-Friendly Lease Structure: The leases are structures as NNN, including management and admin fees, significantly reducing landlord operating expenses and enhancing net operating income consistency.
Shadow-Anchored by Walmart Neighborhood Market: Positioned adjacent to a high-performing Walmart location with over 90,000 monthly visitors, offering strong consumer draw and built-in foot traffic.
Prime Traffic Corridor with National Retailers: Located at the signalized intersection of Knox Abbott Dr (25,400 VPD) and surrounded by top regional and national retailers including Starbucks, McDonald’s, Krispy Kreme, Firehouse Subs, and Subway.
Proximity to Major Demand Drivers: Just 5 minutes from the University of South Carolina (~36,000 students) and Downtown Columbia, capturing both daytime and evening traffic from students, professionals, and commuters.
Strong Demographics Supporting Retail Demand: The property benefits from a dense and affluent trade area, with ±131,675 residents within a 5-mile radius and an average household income of $80,047.
Long-Term Lease Commitments: Wings Co. recently executed a 10-year lease and Pure Nail Spa extended early for an additional 5-year term.
Attractive Rent/NOI Growth: Today’s Dental, Pure Nail & Spa, and Great Clips feature scheduled annual 3% rent escalations, providing stable income and predictable growth. Wings Co. sees 10% increase every 5 years.
Landlord-Friendly Lease Structure: The leases are structures as NNN, including management and admin fees, significantly reducing landlord operating expenses and enhancing net operating income consistency.
Shadow-Anchored by Walmart Neighborhood Market: Positioned adjacent to a high-performing Walmart location with over 90,000 monthly visitors, offering strong consumer draw and built-in foot traffic.
Prime Traffic Corridor with National Retailers: Located at the signalized intersection of Knox Abbott Dr (25,400 VPD) and surrounded by top regional and national retailers including Starbucks, McDonald’s, Krispy Kreme, Firehouse Subs, and Subway.
Proximity to Major Demand Drivers: Just 5 minutes from the University of South Carolina (~36,000 students) and Downtown Columbia, capturing both daytime and evening traffic from students, professionals, and commuters.
Strong Demographics Supporting Retail Demand: The property benefits from a dense and affluent trade area, with ±131,675 residents within a 5-mile radius and an average household income of $80,047.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Building Size
6,300 SF
Building Class
B
Year Built
2016
Price
$2,250,000
Price Per SF
$357.14
Cap Rate
7.03%
NOI
$158,140
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.09
Lot Size
1.59 AC
Parking
26 Spaces (4.13 Spaces per 1,000 SF Leased)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $64,637 | |
| Land Assessment | $76,926 | Total Assessment | $141,563 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$76,926
Improvements Assessment
$64,637
Total Assessment
$141,563
CONTACTS
-
Robert Schmidt, CCIM -
Peter Couchell, CCIM -
Lawrence Myers -
AJ Quartararo -
NAI Earle Furman LLC
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Knox Abbott Village Shopping Center | 1305 Knox Abbott Dr
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