576 Spears Creek Church Rd - Auto Repair FOR SALE


Elgin, SC 29045
$1,216,000 USD
949-506-5027
576 Spears Creek Church Rd, Elgin, SC for Sale
$1,216,000 USD
Auto Repair - FOR SALE
1/7
null | 5.1% Cap Rate

576 Spears Creek Church Rd
Elgin, SC 29045


HIGHLIGHTS

  • Brand New 15-Years Lease | Scheduled Rental Increases
  • Absolute NNN | Leased Fee Ownership (Land) | Zero Landlord Responsibilities
  • Walking Distance to Market at Spears Creek Development | Numerous Housing Developments Totaling 2,250+ units | 5 Miles from The Village at Sandhill
  • 11 Miles from Scout Motors 1,100-acre Production Center Development
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee (land ownership) in an absolute NNN ground lease, Valvoline investment property located in Elgin, South Carolina. The tenant recently signed a brand new 15-year lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.

FOR SALE DETAILS

PRICE

$1,216,000 USD

PRICE/SF

$608 USD /SF

CAP RATE

5.1%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

New Valvoline | 15-Yr GL | 200-Unit Guarantor

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,780 SF

ZONING

-

APN/PARCEL ID

R28803-01-04

ASK ABOUT THIS PROPERTY

Zack WilliamsSRS National Net LeaseMore Info
949-506-5027

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Zack WilliamsSRS National Net LeaseMore Info
949-506-5027

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