106 Newland Rd - Auto Repair FOR SALE


Columbia, SC 29229- Northeast Arcadia Lakes
$1,800,000 USD
248-419-3286
106 Newland Rd, Columbia, SC for Sale
$1,800,000 USD
Auto Repair - FOR SALE
1/6
null | 7% Cap Rate

106 Newland Rd
Columbia, SC 29229
Northeast Arcadia Lakes


HIGHLIGHTS

  • Tenant occupies two buildings: 106 Newland Road and 120 Newland Road.
  • Distracted Driving is on the rise: 660,000 of drivers are using their cell phones while operating a vehicle (NHTS).
  • Demographics (5-Miles): Nearly 68,000 residents and 26,500 Households; Avg. HH Income of $86,000.

OVERVIEW

Fortis Net Lease is pleased to present this Joe Hudson's Collision Center located in Columbia, SC area. Joe Hudson's acquired the business from Carolina Paint & Body in December 2020 and established a 10-Year lease. Joe Hudson's occupies the property at 106 Newland Road and 120 Newland Road. There is 5.1 years remaining on the lease with four five-year options. There are 5% rent bumps every five years. Columbia is the capital city of the state of South Carolina in the United States, located in the central part of the state. Columbia is home to approximately 68,000 residents with an average household income of $86,000 within five miles. The city is home to the University of South Carolina, which is the flagship university of the state. The university has a large student population and is a major employer in the city. The subject property is located in a dense area of national credit tenants including Firestone, Take 5 Oil Change, CVS Pharmacy, Hampton Hotels, Circle K, Exxon, Extra Space Self Storage, and many Quick Service Restaurants.

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$161 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Joe Hudson's Collision Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

1.18 AC

LAND SF

51,401 SF

ZONING

C-3

APN/PARCEL ID

25600-03-23

ASK ABOUT THIS PROPERTY

Payman MahjooryFortis Net LeaseMore Info
248-419-3286

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Payman MahjooryFortis Net LeaseMore Info
248-419-3286

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