1134 Main StFountain Inn, SC 29644
- Retail properties
- 1.00 AC
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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