Finally a true value-add deal! Excited to have Columbiana Station in the market, which offers rare upside in nearly 100K SF to lease up, 10 separate parcels for exit optionality and several mark-to-market opportunities. Our team looks forward to chatting about this one with you...
CBRE’s National Retail Partners is pleased to offer the opportunity to purchase Columbiana Station, one of Columbia, South Carolina’s premier large format shopping centers anchored by PetSmart, Dick’s Sporting Goods, Michaels, Havertys, Planet Fitness and Regal Cinemas (Shadow). Columbiana Station is approximately 76% leased and presents an exceptional opportunity to add value through the lease up of 91,015 SF of space including two adjacent junior anchor spaces that can be leased separately or as a single suite, amounting to an estimated base rent increase of $1.2 M. CBRE projects 44% NOI growth (9.60% CAGR) over 5 years primarily through lease-up. The property is also comprised of 10 separate parcels, providing flexible exit or finance strategies. The property contains 374,753 SF of retail, restaurant and service uses in the heart of a 3.2 million SF, regionally dominant shopping hub with the top regional mall in the MSA. Additional national tenants at Columbiana Station include Bonefish Grill, DXL, Humana, Honey Baked Ham, and 5-11 Tactical.
Mike Burkard Kevin Hurley Adam Russ Erin Varol Joe Morrison #NRPSE
Director of Bedding
3moYour Tempurpedic wall looks great👍