For Sale
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1134 Main StFountain Inn, SC 29644

SC Auto Shop Investment, High NOI

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a fee-simple interest in a two-building, 13,900-square-foot Caliber Collision portfolio situated in Fountain Inn, South Carolina. The property, built in 2004 and renovated in 2017, sits on a 1.56-acre lot and boasts a Class A designation with a permitted GC zoning. Currently operating at 100% occupancy since March 13, 2015, the property features a single-tenant, net lease (NN+) agreement with a credit-rated corporate guarantor, Caliber Collision. The lease, with a remaining term of approximately 0.4 years, includes two five-year options and features CPI rent bumps every three years, capped at a 6% maximum increase. The current Net Operating Income (NOI) is $114,338, with a pro-forma NOI of $121,198. The property benefits from excellent visibility and access via N Main St (11,100+ vehicles per day) and proximity to Interstate-385 (55,900+ vehicles per day). This location is ranked as the fourth busiest Caliber Collision center in South Carolina, according to Placer.AI data. A recently constructed addition adds 6,400 square feet to the existing building. This portfolio offers a compelling combination of strong tenant credit, a stable income stream, and significant long-term upside potential. The property's location in Greenville County, South Carolina, within the Greenville-Spartanburg MSA, provides access to a robust and growing market.

Highlights

  • Excellent access and visibility on N Main St (11,100+ vehicles per day).
  • Ranked 4th busiest Caliber Collision center in South Carolina (Placer.AI data).
  • Less than 1.4 miles from Interstate-385 (55,900+ vehicles per day).
  • Recently constructed 6,400 SF building addition.

Property Details for 1134 Main St

Property type
Retail properties, Retail space
Square Feet
13,900 SF
Class
A
Year Built/Renovated
2004/2017
Buildings
2
Stories
1
Lot Size (sq. ft)
67,954 SF
Units
1

Location Insight

City
Fountain Inn
County
Greenville
State
South Carolina
Latitude
34.70166218
Longitude
-82.21922088
1134 Main St, Fountain Inn, South Carolina

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1134 Main St
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