253 Columbia AveBatesburg-Leesville, SC 29006

Property Details for 253 Columbia Ave

Year built

2002

Lot size

0.78 AC

Property size (Sq ft)

6,298 SF

Zone code

ID

Property type

Retail properties

Property subtype

Retail space

APN

007023-01-006

APU

702301006

Description

This exceptional investment opportunity presents a fee-simple ownership of a 7,000 square foot, Class A, single-tenant retail building in Batesburg-Leesville, South Carolina. The property is net-leased to Advance Auto Parts, a publicly traded company (NYSE: AAP) with a market capitalization exceeding $3.937 billion and an S&P credit rating of BBB-. The current lease boasts a 10-year term with a 10% rent increase every five years, providing significant long-term income growth. The building, constructed in 2002, sits on a 0.78-acre lot and enjoys 100% occupancy. The property's strong financial performance is reflected in its 5.75% cap rate and a substantial net operating income (NOI) of $71,190. Landlord responsibilities include roof, structure, parking lot, and shared HVAC replacement costs. The property's prime location is an outparcel to KJ's IGA Market and within a mile of other national retailers, including Walgreens, KFC, Zaxby's, Bojangles, and McDonald's. Its proximity to the Batesburg-Leesville Industrial Park, a 175-acre development with recent infrastructure improvements, further enhances its value. The thriving Columbia, SC market, characterized by affordable housing and a large student population (driven by 12 area colleges and universities), contributes to the property's strong investment potential. The lease includes two 5-year renewal options. This is a rare opportunity to acquire a high-performing, net-leased property with a strong tenant and significant upside potential. The asking price is $1,238,000, translating to $176.86 per square foot.

• CAP approach

  CAP return

  Valuation

  6%

  $1,392,344

  6.5%

  $1,285,240

  7%

  $1,193,438

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,161,286

  Geo Method

  $1,306,656

• Alternative Use

  Use

  Valuation

  Residential

  $1,084,148

  Hospitality

  $993,074

  Educational

  $826,226

  Medical

  $854,641

  Retail

  $1,285,240

Location Insight

City

Batesburg

County

Lexington

State

South Carolina

Latitude

33.9086

Longitude

-81.5362

CBSA code

17900

CBSA name

COLUMBIA, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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