Lexington Village

205 Columbia Ave Lexington, GA 29072

  • 30,764 Square Feet
  • Retail
  • For Sale

Summary Description

Lexington Village is located at the very busy corner of Hwy 1 (W Main St) and Hwy 378 (Columbia Ave) in Lexington, a suburb of South Carolina’s capital and second-largest city, Columbia. This well-maintained and well-occupied retail center benefits from a high traffic corner with 34,300 vehicles per day combined traffic count. The center is located in a vibrant and growing submarket with affluent demographics. 

Property Status: Available

Price: $4,975,000 USD

Lot Size: 3.20 Square Feet

Building Size: 30,764 Square Feet

Area Available: 30,764 Square Feet

Features:

  • Excellent location at very high traffic “Main & Main” corner with combined 34,000 vehicles per day.
  • Strong visibility and ample exposure with multiple ingress/egress points.
  • Superior demographics: Located within the thriving Columbia MSA, boasting a 245,400 population and $96,000 Average Household Income within a 10-mile radius.
  • Dynamic area: Lexington/Lake Murray, SC is projected to enjoy a 7% residential growth rate during 2018-2023 and is located within the vibrant commercial hub serving Lake Murray.
  • Stable, E-Commerce Proof tenant base: 40% of tenants have occupied for 10+ years.
  • High occupancy: Internet-resistant uses: service, restaurants, salon, hair & nails, food take out/delivery
  • Conservative rents in a tight submarket offer solid future upside without downside risk.
  • NNN expense structure & annual rent bumps ensure profitability.
  • Recent Improvements to roof and parking lot limit capex exposure.
Related Documents:

Property Experts

Contact us regarding this property

An unexpected error has occurred. Please try again.
You didn't check the "I'm not a robot" checkbox.

Your request has been submitted.

Someone will contact you shortly.