NN+ Flex call center facility
Teleperformance Call Center
2340 Broad River Road, Columbia, South Carolina
Property summary
Stats
- Year built/renovated 1969/2014
- Building size (sf) 135,675
- Size (acres) 17.49
- Lease structure NN+
Overview
The subject property is a former grocery anchored retail center that was converted to a Call Center for TP-USA (Teleperformance). The single-story asset is fully conditioned occupied by TP-USA, Inc as a Call Center, who extended their lease in May 2024.
Teleperformance information:
- Teleperformance USA is a subsidiary of Teleperformance, an investment grade tenant (S&P, BBB stable), with $9.2 billion in revenue (2023)
- S&P Global upgraded Teleperformance in 2021 to BBB, the highest credit rating received in the industry
- The tenant has invested over $7 million in infrastructure improvements including service redundancy and fiber optics
- Tenant has been in the property since 2014 and executed a fourth lease extension in May 2024
Property Highlights
Located in South Carolina's capital city, the second largest city in the state (853,294 population MSA)
Centrally located adjacent to Interstate 20 (113,600 VPD), Broad River Road (39,600 VPD), and near Interstate 26 (143,800)
Easily accessible with multiple points of ingress and egress
Large parking area with a 8/1000 parking ratio
Potential to reduce basis in the property by carving out one or more outparcels
Priced well below replacement cost (<$90 psf)
