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Joe Hudson's Collision Center 106 Newland Rd 11,160 SF Retail Building Columbia, SC 29229 $2,511,360 CAD ($225.03 CAD/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- Tenant occupies two buildings: 106 Newland Road and 120 Newland Road.
- Demographics (5-Miles): Nearly 68,000 residents and 26,500 Households; Avg. HH Income of $86,000.
- Distracted Driving is on the rise: 660,000 of drivers are using their cell phones while operating a vehicle (NHTS).
EXECUTIVE SUMMARY
Fortis Net Lease is pleased to present this Joe Hudson's Collision Center located in Columbia, SC area. Joe Hudson's acquired the business from Carolina Paint & Body in December 2020 and established a 10-Year lease. Joe Hudson's occupies the property at 106 Newland Road and 120 Newland Road. There is 5.1 years remaining on the lease with four five-year options. There are 5% rent bumps every five years.
Columbia is the capital city of the state of South Carolina in the United States, located in the central part of the state. Columbia is home to approximately 68,000 residents
with an average household income of $86,000 within five miles. The city is home to the University of South Carolina, which is the flagship university of the state. The university has a large student population and is a major employer in the city.
The subject property is located in a dense area of national credit tenants including Firestone, Take 5 Oil Change, CVS Pharmacy, Hampton Hotels, Circle K, Exxon, Extra Space Self Storage, and many Quick Service Restaurants.
Columbia is the capital city of the state of South Carolina in the United States, located in the central part of the state. Columbia is home to approximately 68,000 residents
with an average household income of $86,000 within five miles. The city is home to the University of South Carolina, which is the flagship university of the state. The university has a large student population and is a major employer in the city.
The subject property is located in a dense area of national credit tenants including Firestone, Take 5 Oil Change, CVS Pharmacy, Hampton Hotels, Circle K, Exxon, Extra Space Self Storage, and many Quick Service Restaurants.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
11,160 SF
Building Class
B
Year Built
2005
Price
$2,511,360 CAD
Price Per SF
$225.03 CAD
Cap Rate
7%
NOI
$175,795 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
1.18 AC
Zoning
C-3 - Commercial
Parking
15 Spaces (1.34 Spaces per 1,000 SF Leased)
Frontage
149’ on Newland Rd
AMENITIES
- Pylon Sign
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 25600-03-23 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $757,328 CAD |
PROPERTY TAXES
Parcel Number
25600-03-23
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$757,328 CAD
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Joe Hudson's Collision Center | 106 Newland Rd
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