1134 Main StFountain Inn, SC 29644

  • Retail properties
  • 1.00 AC
For Sale

Property Details for 1134 Main St

Lot size
1.00 AC
Zone code
C-2
Property type
Retail properties
Property subtype
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
1134 Main St, Fountain Inn, South Carolina

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$6,283
$4,010
$12,290
$16,300
-
-
-
$304,390

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