1134 Main StFountain Inn, SC 29644

Property Details for 1134 Main St

Lot size

1.00 AC

Zone code

C-2

Property type

Auto shops

APN

0334.00-01-011.03

APU

334000101103

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $13,702,193

  6.5%

  $12,648,178

  7%

  $11,744,737

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,028,334

  Geo Method

  $9,028,334

• Alternative Use

  Use

  Valuation

  Residential

  $10,669,211

  Hospitality

  $9,772,940

  Educational

  $8,130,972

  Medical

  $8,410,608

  Retail

  $12,648,178

Location Insight

City

Fountain Inn

County

Greenville

State

South Carolina

Latitude

34.7022

Longitude

-82.2193

CBSA code

24860

CBSA name

GREENVILLE-ANDERSON, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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