Investment opportunity: Single-tenant net-leased property

3168 Charleston Highway, West Columbia, SC 29172

  • 58,000 Square Feet
  • Industrial
  • For Sale

Summary Description

3168 Charleston Highway is a ±58,000 square-foot, single-tenant net-leased property for sale as an investment opportunity. The property sits on 9.87 acres and is leased to Allied Services LLC (guarantor Republic Services Inc.) as their solid waste & recycling center, truck maintenance and operations center, with 7 years remaining on the lease. Rent increases 25% within the first 5 years of the lease. The property consists of a 47,000-square foot building with a 6,000-square-foot office and a 11,000-square-foot building with a 1,000-square-foot office. The property is located in West Columbia, South Carolina in Lexington County. 

About the tenant:

Republic Services Inc. operates in 29 states and is the second-largest provider of non-hazardous solid waste collection, transfer, disposal, recycling and energy services in the United States, as measured by revenue. 3168 Charleston Highway is a strategic facility for their Midlands operations. Republic Services is a publicly traded company that holds a BBB+ investment grade rating from S&P.

Download the offering memorandum for more information including rent roll, building specifications and investment highlights. 

Property Status: Fully Leased

Price: $3,360,000.00

Building Size: 58000 Square Feet

Area Available: 58,000 Square Feet

Features:

  • Parking: Approximately 70 graveled truck spaces and 92 paved car spaces
  • Lighting: Metal halide
  • Fire protection: Dry system
  • Year built: 1996
  • Zoning: Intensive Development
  • Lexington County parcel number: 006898-02-006
  • Tenant is responsible for all repairs including replacement of HVAC and roof
  • Landlord is responsible for load-bearing walls, foundation and floor slabs (excluding non-loading portions of the wall)
  • Tenant pays all property taxes and insurance
Related Documents:

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