1290 Ridge Rd - Auto Repair FOR SALE


Greenville, SC 29607- Pleasantburg
$5,094,055 USD
415-274-2706
1290 Ridge Rd, Greenville, SC for Sale
$5,094,055 USD
Auto Repair - FOR SALE
1/4
null | 5.45% Cap Rate

1290 Ridge Rd
Greenville, SC 29607
Pleasantburg


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, the subject location has successfully performed across multiple economic cycles
  • The current rent is approximately 40% below market, which equates to a very attractive basis of $76/SF
  • The subject property is strategically located just off I-85 in a major automotive corridor and is situated nearby to over 16 major car dealerships
  • The property is located two blocks from the Clemson University International Center for Automotive Research

OVERVIEW

Brand new 15-year absolute NNN lease to the nations largest collision repair provider. Rare opportunity to acquire an institutional qualify industrial asset with proven 20-year site level operating history as a collision center. The property features rents that are substantially below market and is priced well below replacement cost ($76/SF).

FOR SALE DETAILS

PRICE

$5,094,055 USD

PRICE/SF

$76 USD /SF

CAP RATE

5.45%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Caliber Collision

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

5.99 AC

LAND SF

260,924 SF

ZONING

I-1

APN/PARCEL ID

M011.01-01-003.26

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.