DEALS

Deals

Airport Square – Columbia, SC

The Palomar Group is pleased to exclusively offer Airport Square For Sale. Tenants in Airport Square include Save-A-Lot, Citi Trends, Dollar General, and more. Airport Square is a 58,207 SF center. The center is currently 98.25% occupied and has a strong history of occupancy. Save-A-Lot and Citi Trends both recently extended their leases through 2024 and 2021 respectively. Dollar General has been at the center since 1999 and has favorable lease terms that allows them to sell their full assortment of products. The center boasts low rents which can provide opportunity for significant upside. National tenants comprise 75% of the GLA and 52% of the gross income.

INVESTMENT DETAILS
  • Address:  1618 Airport Blvd, West Columbia, SC 29169
  • Year Built:  1977
  • NOI:  $381,837
  • Price:  $4,127,900
  • Occupancy:  98%
  • Square Feet:  58,207 SF
  • Site Size:  7.00 acres
  • Tenants:  Save-A-Lot, Citi Trends, Dollar General, Advance America, Boost Mobile, and more.
PROPERTY HIGHLIGHTS
  • Grocery anchored shopping center
  • Below market rents
  • Strong history of occupancy
  • E-commerce proof tenant lineup and location
  • Second largest MSA in South Carolina