100 E Kennedy St - Auto Repair FOR SALE


Spartanburg, SC 29306- Downtown Spartanburg
$1,791,000 USD
310-691-1350
100 E Kennedy St, Spartanburg, SC for Sale
$1,791,000 USD
Auto Repair - FOR SALE
1/6
null | 5.5% Cap Rate

100 E Kennedy St
Spartanburg, SC 29306
Downtown Spartanburg


HIGHLIGHTS

  • Long-Term, Committed Tenant with Newly Executed 10-Year Lease Extension (beginning December 2025)
  • Long-Term Commitment: Goodyear Tires has operated on-site since 2007 and recently executed a new 10-year lease extension beginning December 2025
  • Prime Corner Parcel: 1.02-acre site at the signalized intersection of S Church Street & E Kennedy Street in the core of downtown Spartanburg
  • Walking distance to major landmarks; Fifth Third Ballpark, Spartanburg County Courthouse, Denny’s Plaza, Spartanburg Community College, and more
  • Spartanburg ranked #10 fastest-growing metro in the U.S. (Census Bureau, 2024), #3 Best Southern City (Southern Living)
  • Backed by a corporate lease with Goodyear Tire & Rubber Co. (NASDAQ: GT); $2.4B market cap, $250M+ net income (+222% Y/Y), 5.69% net margin (+229% Y/Y

OVERVIEW

Pegasus Investments Real Estate Advisory Inc. and ParaSell, Inc., as exclusive advisors to the seller, are pleased to present the opportunity to acquire a single-tenant net-leased (STNL) Goodyear Tires in Spartanburg, SC (the “Property”). The Property features a long-term commitment, with Goodyear - on site since 2007 - having recently executed a new 10-year lease extension commencing December 2025. Positioned on a prime 1.02-acre corner parcel at the signalized intersection of S Church Street and E Kennedy Street, the Property benefits from a core downtown location within walking distance of major civic, educational, and entertainment landmarks. Spartanburg represents one of the nation’s most dynamic growth markets, ranked the #10 fastest-growing metro in the U.S. (Census Bureau, 2024), the #3 Best Southern City (Southern Living), and #8 nationally for millennial population growth among small metros. The lease is backed by Goodyear Tire & Rubber Co. (NASDAQ: GT), a corporate tenant with a $2.4B market cap, $250M+ net income (+222% year-over-year), and a 5.69% net margin (+229% year-over-year), providing investors with secure, durable cash flow in a booming Southeast market.

FOR SALE DETAILS

PRICE

$1,791,000 USD

PRICE/SF

$6 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Goodyear Tire: New 10-Yr. Corporate Net Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1961

SPRINKLERS

-

PARKING SPACES

29

LAND DETAILS

LAND ACRES

1.02 AC

LAND SF

44,431 SF

ZONING

Commercial (NEC)

APN/PARCEL ID

7-12-14-328.00

ASK ABOUT THIS PROPERTY

David ChasinPegasus InvestmentsMore Info
310-691-1350

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David ChasinPegasus InvestmentsMore Info
310-691-1350

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.