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1613 Leesburg Rd
Columbia, SC 29209
Southeast Auto Care | Annual Increases · Retail Property For Sale
Investment Highlights
- 19 Years Remaining | 2.5% Annual Rental Increases
- Dense Automotive & Retail Corridor | Frontage to 26,400 VPD
- NN+ Lease | Fee Simple Ownership | Minimal Landlord Responsibilities
- Established Columbia, SC MSA Trade Area
Executive Summary
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an NN+ leased, Southeast Auto Care investment property located in Columbia, South Carolina. The tenant, Southeast Auto Care, LLC has 19 years remaining on their lease, demonstrating their commitment to the site. The lease features 2.5% annual rental increases throughout the initial term, steadily growing NOI and hedging against inflation. The lease is NN+ with minimal landlord responsibilities making it an ideal, low management investment opportunity for an out of state investor.
Property Facts
Sale Type
Investment NNN
Property Type
Building Size
4,770 SF
Year Built
2020
Price
$1,719,183 CAD
Price Per SF
$360.42 CAD
Cap Rate
6.90%
NOI
$118,672 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
0.60 AC
Zoning
GC - General Commercial District
Parking
18 Spaces (3.77 Spaces per 1,000 SF Leased)
Amenities
- Dedicated Turn Lane
- Signage
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