For Sale
$3,050,000

5363 Augusta RdLexington, SC 29072

High-yield Carvana lease, prime location.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a fee-simple ownership of a 9,100 square foot Class B auto shop in Lexington, South Carolina. Currently 100% occupied by Carvana under a NNN lease with 2.8 years remaining until August 31, 2027, the property boasts a strong 7.51% cap rate and a substantial Net Operating Income (NOI) of $228,926. Situated on a sizable 12.05-acre lot at 5363 Augusta Rd, Lexington, SC 29072, this strategically located facility serves as a crucial Curbside Hub for Carvana's operations, combining call center and detailing functions. The lease includes two, 3-year renewal options with 2% annual rent escalations, ensuring consistent income growth. This property offers a secure investment with a proven tenant in a rapidly expanding market. The property's APN is 005497-02-002. The lease commenced on May 4, 2022.

Highlights

  • $3,050,000 asking price for a fee simple interest.
  • 9,100 square foot retail building in Lexington, SC.
  • Carvana NNN lease with 2.8 years remaining.
  • 7.51% cap rate with a $228,926 NOI.
  • 12.05-acre lot.
  • 2% annual rent escalations.

Property Details for 5363 Augusta Rd

Property type
Retail properties, Auto shops
Square Feet
9,100 SF
Class
B
Lot Size (sq. ft)
524,898 SF

Location Insight

City
Lexington
County
Lexington
State
South Carolina
Latitude
33.9739759
Longitude
-81.2139801
5363 Augusta Rd, Lexington, South Carolina

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5363 Augusta Rd
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