William Lenehan Of Four Corners Property Trust Acquires Retail Asset In West Columbia For $3.1M

A newly built retail property located at 3460 Charleston Highway in West Columbia, SC was involved in a sale transaction. The asset, which is leased directly to Left Lane Auto, was sold for $3,100,000. It operates under a triple-net lease structure with approximately 15 years remaining and was acquired at a 6.9% capitalization rate based on in-place rent.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $3,100,000
• Buyer: William Lenehan - Four Corners Property Trust
• Address: 3460 Charleston Highway
• Market: West Columbia, SC
• Lease: Triple-net lease with about 15 years remaining
• Cap Rate: 6.9%

William Lenehan represented the buyer, Four Corners Property Trust, in the acquisition of the property. The transaction adds a net-leased retail asset to their portfolio, further expanding their holdings in the South Carolina market.