For Sale
$1,680,000

1666 Calhoun RdGreenwood, SC 29649

High-Yield Auto Shop Net Lease

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 9,060 square foot, fully-leased auto shop located at 1666 Calhoun Road, Greenwood, South Carolina, 29649. The property boasts a strong 7.14% cap rate and a substantial net operating income (NOI) of $120,000. The single-tenant, credit-rated lease with Classic Collision, a national business with over 220 locations, commenced April 30, 2021, and has a remaining term of approximately 6.4 years, with three 5-year renewal options. The lease includes rent escalations at specified intervals. Built in 1988, this one-story building sits on a 9,060 square foot lot and offers a price per square foot of $185.43. The asking price for this prime retail investment is $1,680,000. This is a rare opportunity to acquire a stable, high-performing asset with a long-term tenant and significant upside potential. The property's strong financials, coupled with the tenant's national presence and proven track record, make this an attractive investment for discerning buyers seeking a secure and profitable addition to their portfolio. The property is 100% occupied.

Property Details for 1666 Calhoun Rd

Property type
Retail properties, Auto shops
Square Feet
9,060 SF
Year Built
1988
Buildings
1
Stories
1
Units
1

Location Insight

City
Greenwood
County
Greenwood
State
South Carolina
Latitude
34.206394016129
Longitude
-82.202736181233
1666 Calhoun Rd, Greenwood, South Carolina

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1666 Calhoun Rd
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