Burlington Investment Offering at Sandhill Station (New Construction)
715 Fashion Drive, Columbia, SC 29223
- 62,211 Square Feet
- For Sale
Sandhill Station is 62,200-square-foot retail center consisting of a newly-constructed 45,000-square-foot Burlington store and 17,200 square feet of retail shop space. Located in Northeast Columbia, Sandhill Station is part of a larger master planned development which includes a new Sam's Club and regional credit union (both opened in 2016). The development is being offered to the market for the first time.
The brand new (10-year NNN lease) Burlington store (opening Q1 2018) represents 63% of all revenue and occupies 73% of GLA. Burlington has enjoyed dynamic growth and increased profitability with 7% annual sales growth since its IPO in 2013. Burlington operates 631 stores in 45 states.
The subject property is located in the capital city of Columbia, South Carolina which is home to the University of South Carolina (enrollment: 34,000), US Army Fort Jackson (15,000 enlisted, 22,000 civilian) and South Carolina State Government (38,000 employees). The immediate area, known as Northeast Columbia, is the Columbia MSA's fastest growing suburban area where population has increased from 53,000 to 124,000 in the last 17 years, and average household income is $89,648 in a 3 mile radius. Retailers within 0.2 miles include Sam's Club (new), Fresh Market (new), Hobby Lobby (new), Belk, Home Depot and Regal Cinemas.
Bids are due no later than May 29, 2018. For more information and to execute an online Confidentiality Agreement and to receive a full confidential offering memorandum, please click the link below.
Building Size: 62211 Square Feet
Area Available: 62,211 Square Feet
- 62,211 SF retail center
- 6.5 Acres
- 10-year NNN lease with new construction Burlington (2017)
- Shop space built in 2008 + Burlington in 2017
- Stabilized NOI: $856,669
- Price: Market. Contact brokers