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162 Highway 378
Lexington, SC 29072
Joe Hudson's Collision Center · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Excellent Visibility, Access & Street Frontage: Property is situated directly off a major highway with daily traffic counts.
- Demographics (5-Miles): Nearly 73,000 residents and 28,000 Households within 5 miles; Avg. HH Income of $106,000.
- 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 Lexington, SC. Joe Hudson's acquired the business from Carolina Paint & Body in December 2020 and established a 10-Year lease. There is 5.3 years remaining on the lease with four five-year options. There are 5% rent bumps every five years.
Lexington is situated approximately 12 miles west of Columbia and home to approximately 73,000 residents with an average household income of $106,000 within five miles. Lexington has a small town feel with a rich history and a charming downtown area and is known for its excellent schools, affordable cost of living, and its proximity to the state capital.
The subject property is located in a dense area of national credit tenants including O'Reilly, AutoZone, Goodwill, Dollar General, Quick Lane Oil Change, Advanced Auto Parts, Food Lion, Circle K, Shell, Boost Mobile, and many Quick Service Restaurants.
Lexington is situated approximately 12 miles west of Columbia and home to approximately 73,000 residents with an average household income of $106,000 within five miles. Lexington has a small town feel with a rich history and a charming downtown area and is known for its excellent schools, affordable cost of living, and its proximity to the state capital.
The subject property is located in a dense area of national credit tenants including O'Reilly, AutoZone, Goodwill, Dollar General, Quick Lane Oil Change, Advanced Auto Parts, Food Lion, Circle K, Shell, Boost Mobile, and many Quick Service Restaurants.
PROPERTY FACTS Under Contract
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
15,450 SF
Building Class
C
Year Built
2000
Price
$1,498,392 CAD
Price Per SF
$96.98 CAD
Cap Rate
7%
NOI
$104,887 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
2.41 AC
Zoning
C-3 - Commercial
Parking
45 Spaces (2.91 Spaces per 1,000 SF Leased)
Frontage
155’ on Us-378 Hwy
AMENITIES
- Pylon Sign
PROPERTY TAXES
| Parcel Number | 004300-07-142 | Improvements Assessment | $34,883 CAD |
| Land Assessment | $24,544 CAD | Total Assessment | $59,428 CAD |
PROPERTY TAXES
Parcel Number
004300-07-142
Land Assessment
$24,544 CAD
Improvements Assessment
$34,883 CAD
Total Assessment
$59,428 CAD
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