SVN / BlackStream Commercial, LLC is pleased to have a opportunity to offer the sell lease back proposal to Young Park owner of Tsunami. Tsunami a modern Asian cuisine restaurant with full bar, sushi bar, and intimate tabletop dining. The 5,725 SF restaurant is one of 4 Tsunami Restaurants owned and operated by Mr. Park throughout South Carolina. 48 free Surface Spaces are available; Ratio of 3.28/1,000SF. 213' Frontage on Park Terrace Rd. 259' on Bower Pky. Terms of the sell are $1,500,000 for the 5,725 SF building and the 2.25 Acres. Walk-In Cooler, Walk-In Freezer and Hood included in sell. Tsunami Restaurant will sign a 10 year NNN lease beginning at Execution of sell. Lease terms are as follows: Year 1-5 $9000.00 a month NNN Cap Rate 7.2%. Years 6-7 $9180 a month NNN Cap Rate 7.34% 2% increase in base rent. Years 8-9 $9363 a month NNN Cap Rate 7.49% 2% increase in base rent. Year 10 $9457 a month NNN Cap Rate 7.57% 1% increase in base rent. Sales Info: ■ Commision split: 3.0% Location Description: The subject property is located on the northwest quadrant of Columbia in the Dutch Fork / Irmo Submarket approximately three miles slightly north west of downtown Columbia. Harbison Blvd (S - 757) is a major commercial artery that runs from Hwy 176 over Interstate 26 (102,000 VPD SN: 2135) to St. Andrews Rd. Dutch Fork / Irmo Submarket features over 4,240,000 million square feet of retail and office space. Convenient access to Interstate 26. Interstate 20 (87,600 VPD SN: 2031) is approximately 1.5 miles south of the property and slightly southeast of where these highways intersect is the city boundary to Columbia. The property is located within the Columbiana Station shopping center anchored by Regal Cinemas Columbiana Grand 14, which sits outparcel near the northeast corner of the center. Sam's Club, an approximately 100,000 square foot retailer is located across to the north east of site. The newly renovated Harbison Court, is a 311,200 SF shopping center located slightly north west of subject property, and located across from the Columbiana Centre Mall. Retailers include: Marshall’s, Babies “R” Us, Lifeway Christian Bookstore, OfficeMax, Barnes & Noble, Hancock Fabrics, Pier 1 Imports, Shoe Carnival, Olive Garden, Chili’s and the Outback Steakhouse. Highlights: ■ 4,240,529 million SF Retail / Office in Submarket ■ Close Proximity to Interstate 26 (102,000 VPD) and Interstate 20 (87,600 VPD) ■ Established Multi Store Operator ■ 10 Year NNN Lease « show less
SVN / BlackStream Commercial, LLC is pleased to have a opportunity to offer the sell lease back proposal to Young Park owner of Tsunami. Tsunami... show more »
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