This listing is under contract.

Just Listed: Sportsman's Warehouse Columbia SC | 7.50% Cap | New 10-Year Lease Extension

476 Piney Grove Road Columbia, SC 29210

476 Piney Grove Road, Columbia, SC, 29210
Newly 10-Year Lease Extension
476 Piney Grove Road, Columbia, SC, 29210
UNDER CONTRACT FOR SALE NNN Property
Property Type:
Single Tenant Retail (NNN)
Amount:
$1,000,000
Last Verified:
Feb 24, 2021

• Single-tenant Sportsman’s Warehouse investment opportunity, offering approximately 11 years remaining on a triple-net (NNN) lease. • The Tenant recently extended the lease for an additional ten years, showing their commitment to the location. • The Sportsman's Warehouse investment is located at a strategic location on the I-26 freeway, on approximately 5.48 acres of land. • The 7.50% cap rate offers an investor a very attractive yield, with multiple financing options available. Contact listing agent for further details. • Corporate guarantee with Sportsman’s Warehouse Holdings, Inc. Founded in 1986, Sportsman’s Warehouse has the largest outdoor specialty store base in the Western United States and Alaska with ±103 stores across 27 states. • Sportsman’s Warehouse has performed exceptionally well during the COVID-19 Pandemic, having net sales increased by 62.7% year-over-year as of August 1, 2020. The stock price (NASDAQ stock symbol: SPWH) has increased by approximately 73% year-to-date as of December 1, 2020. • The Property is located in Columbia, the capital and second-largest city in South Carolina. • The largest employers in Columbia include the State of South Carolina (±25,570 employees), Prisma Health (±15,000 employees), BlueCross BlueShield of SC (±6,585 employees), University of South Carolina (±5,678 employees), and United States Department of the Army (±5,286 employees). • Nearby national retailers include Costco, Land Rover, CarMax, Walmart Supercenter, Sam’s Club, Home Depot, Best Buy, HomeGoods, Chick-fil-A, McDonald’s, Denny’s, and many more.

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Map of 476 Piney Grove Road, Columbia, SC, 29210

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.