140 Laurel Lake Dr - Auto Repair FOR SALE


North Augusta, SC 29860
$3,285,000 USD
706-833-3585
140 Laurel Lake Dr, North Augusta, SC for Sale
$3,285,000 USD
Auto Repair - FOR SALE
1/1
null | 6.25% Cap Rate

140 Laurel Lake Dr
North Augusta, SC 29860


HIGHLIGHTS

  • Newer construction facility completed in 2021.
  • Triple net lease structure with no landlord responsibilities.
  • Approximately 13 years of lease term remaining.
  • Contractual 10% rent increases every five years.

OVERVIEW

140 Laurel Lake Drive presents the opportunity to acquire a single-tenant net leased Jiffy Lube facility in North Augusta, South Carolina. Constructed in 2021, the property consists of a modern automotive service facility featuring nine service bays and is situated on approximately 0.67 acres. The asset is leased on a triple net (NNN) basis, providing a passive ownership structure with no landlord responsibilities identified in the lease. The tenant operates under the nationally recognized Jiffy Lube brand and is guaranteed by Allied Automotive Group LLC, an established operator with a long history in the quick-lube industry. The lease commenced on June 1, 2024, with an original 15-year term and approximately 13 years remaining. Rental income is supported by scheduled 10% rent increases every five years, creating built-in revenue growth throughout the lease term. The lease also includes two additional five-year renewal options. North Augusta benefits from its proximity to the Augusta metropolitan area, providing access to a broad consumer base, established transportation infrastructure, and a diverse regional economy. The property's recent construction, nationally recognized tenant, long lease term, and contractual rent escalations position the asset as a stabilized net lease investment opportunity designed to provide predictable cash flow and long-term income growth potential.

FOR SALE DETAILS

PRICE

$3,285,000 USD

PRICE/SF

$534 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.67 AC

LAND SF

29,136 SF

ZONING

A2

APN/PARCEL ID

010-18-08-001

ASK ABOUT THIS PROPERTY

Jonathan CrawfordSoutheastern Development AssociatesMore Info
706-833-3585

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Jonathan CrawfordSoutheastern Development AssociatesMore Info
706-833-3585

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