408 N Main St - Auto Repair FOR SALE


Mauldin, SC 29662
$795,000 USD
213-453-1770
408 N Main St, Mauldin, SC for Sale
$795,000 USD
Auto Repair - FOR SALE
1/5
null | 5.87% Cap Rate

408 N Main St
Mauldin, SC 29662


HIGHLIGHTS

  • Corporate Lease with Goodyear Tire and Service
  • Excellent Going in Cap Rate
  • Low Rent to Sales with tenant paying below market rent
  • Original occupying tenant since 1985

OVERVIEW

NAI Capital is pleased to present the opportunity to acquire a single-tenant, corporate lease with Goodyear Tire and Service on fee simple land located at 408 North Main Street, Mauldin, South Carolina. The Single tenant investment is located in a dense retail corridor with neighboring tenants including multiple national credit tenants in adjacent shopping centers. The building was originally designed by Goodyear in 1985 and they have remained as the only tenant in the building. Goodyear renewed in advance, as they have been doing every time their lease comes up, for another 5 years (per the lease agreement) with an expiration on February 28, 2031. Goodyear has two more options left per their lease agreement with established fix increases. The is an excellent opportunity to acquire a stable investment occupied by a reputable national tenant and operator.

FOR SALE DETAILS

PRICE

$795,000 USD

PRICE/SF

$181 USD /SF

CAP RATE

5.87%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

28

LAND DETAILS

LAND ACRES

0.63 AC

LAND SF

27,312 SF

ZONING

C2

APN/PARCEL ID

M002.01-05-010.03

ASK ABOUT THIS PROPERTY

David MalingNAI CapitalMore Info
213-453-1770

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David MalingNAI CapitalMore Info
213-453-1770

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