• Broker Robert Schmidt, CCIM 8642356855
  • Broker Peter Couchell, CCIM 8642356855
  • Broker Lawrence Myers 8642329040

Clemson Road Shopping Center 2703 Clemson Rd 8,200 SF 100% Leased Retail Building Columbia, SC 29229 $3,466,000 ($422.68/SF) 6.50% Cap Rate

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EXECUTIVE SUMMARY

Attractive Near-Term NOI Growth: All tenants are set for fixed 10% rent increases within the next 9 to 15 months, ensuring near-term NOI growth for prospective buyers.
Minimal Landlord Responsibilities: With all three tenants under NNN leases, investors benefit from stable returns and minimal landlord responsibilities.
Prime Retail Location: Strategically positioned on the high-traffic Clemson Road (±38,300 VPD), just one block from Killian Elementary School and Lexington Medical Center (607 beds). The property is surrounded by major retailers including Lowe’s, Aldi, Chick-fil-A, Walmart, Kroger, and Starbucks, providing strong customer visibility and accessibility.
Robust Demographics: The property serves a densely populated and affluent area, with a 5-mile radius population of 118,126 and an average household income of $98,971.
Convenient Interstate Access: Located just 1.8 miles from Interstate 77, offering seamless connectivity to the greater Columbia MSA.
Expanding Market Opportunities: Columbia has been recognized as a “Top 5” Southern city on the rise by Southern Living. The region is experiencing rapid population and economic growth, underpinned by a strong employment rate. Columbia’s extensive transportation network—including access to five major interstates, Columbia Metro Airport, and the Port of Charleston—continues to position it as a premier Southeastern market for investment.

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
  • Retail
  • General Retail Restaurant
  • General Retail Storefront
Retail
Building Size
8,200 SF
Year Built
2020
Price
$3,466,000
Price Per SF
$422.68
Cap Rate
6.50%
NOI
$225,265
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.12
Lot Size
1.61 AC
Parking
87 Spaces (10.61 Spaces per 1,000 SF Leased)

TRAFFIC

COLLECTION STREET CROSS STREET TRAFFIC VOLUME YEAR Distance
Clemson Rd Killian Green Dr, E 25,414 2024 0.05 mi
Clemson Road Killian Green Dr, E 25,225 2025 0.10 mi
Longtown Road Lake Village Dr, SW 7,252 2025 0.49 mi
Longtown Rd Lake Village Dr, SW 7,971 2024 0.51 mi
Longtown Rd Holly Ridge Ln, NE 10,964 2024 0.85 mi
Longtown Road Holly Ridge Ln, NE 10,865 2025 0.89 mi
Hard Scrabble Road Charleston Estates Ln, NE 17,877 2025 0.89 mi
North Brickyard Road Sloan Road, E 7,500 2023 1.00 mi
Farrow Road Providence Plantation Dr, N 5,727 2025 1.02 mi
N Brickyard Rd Majestic Dr, E 5,154 2025 1.02 mi

NEARBY MAJOR RETAILERS

First Citizens Bank
Eggs Up Grill
BurgerIM
Salsarita's Fresh Mexican Grill
Starbucks
Kroger
Charles Schwab

PROPERTY TAXES

Parcel Number 17400-06-09 Improvements Assessment $1,202,000
Land Assessment $1,045,400 Total Assessment $2,247,400

PROPERTY TAXES

Parcel Number
17400-06-09
Land Assessment
$1,045,400
Improvements Assessment
$1,202,000
Total Assessment
$2,247,400

MAP

ADDITIONAL PHOTOS

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  • Listing ID: 34645257

  • Date on Market: 1/29/2025

  • Last Updated: 5/15/2025

  • Address: 2703 Clemson Rd, Columbia, SC 29229