121 Southport Rd - Auto Repair FOR SALE


Spartanburg, SC 29306
$2,009,839 USD
415-274-2706
121 Southport Rd, Spartanburg, SC for Sale
$2,009,839 USD
Auto Repair - FOR SALE
1/5
null | 5.6% Cap Rate

121 Southport Rd
Spartanburg, SC 29306


HIGHLIGHTS

  • Brand new 15-year corporate lease to the nation’s leading collision repair provider
  • Absolute NNN lease structure – zero Landlord maintenance or expense responsibilities
  • Caliber Collision recently renewed the lease for 15-years and the subject location has successfully performed across multiple economic cycles
  • Low entry point basis, strong underlying real estate fundamentals, uniquely low occupancy cost relative to alternative Caliber Collision properties

OVERVIEW

Recently renewed, 15-year absolute NNN corporate lease to the nation’s largest collision repair provider. Rare opportunity to acquire a proven and longstanding Caliber Collision backed by a corporate guaranty, strong underlying property fundamentals, and a uniquely low rent relative to alternative Caliber Collision investments. Located in Spartanburg which is an explosive growth market.

FOR SALE DETAILS

PRICE

$2,009,839 USD

PRICE/SF

$113 USD /SF

CAP RATE

5.6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Caliber Collision

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Freestanding, Service Station, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1982

SPRINKLERS

-

PARKING SPACES

29

LAND DETAILS

LAND ACRES

1.71 AC

LAND SF

74,488 SF

ZONING

-

APN/PARCEL ID

6-25-00-162.06

ASK ABOUT THIS PROPERTY

Justin StarkCP Partners CREMore Info
415-274-2706

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Justin StarkCP Partners CREMore Info
415-274-2706

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