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904 Gracern Rd
Columbia, SC 29210
Joe Hudson's Collision Center · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 2018 Construction: Modern design with curb appeal with Brick and stone construction with a metal roof.
- Demographics (5-Miles): Nearly 157,250 residents and 65,000 Households; Avg. HH Income of $59,000.
- 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 2019 and established a 10-Year lease. 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. This property is in Richland County, which is home to approximately 157,250 residents with an average household income of $59,000 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 Quick Lane, Family Dollar, BP, Shell, Embassy Suites, Tru by Hilton, Food Lion, Homewood Suites, several Auto Dealerships, and 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. This property is in Richland County, which is home to approximately 157,250 residents with an average household income of $59,000 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 Quick Lane, Family Dollar, BP, Shell, Embassy Suites, Tru by Hilton, Food Lion, Homewood Suites, several Auto Dealerships, and Quick Service Restaurants.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
14,172 SF
Building Class
C
Year Built
2018
Price
$2,488,500 CAD
Price Per SF
$175.59 CAD
Cap Rate
7%
NOI
$174,195 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
1.38 AC
Zoning
C-3 - General Commercial
Parking
30 Spaces (2.12 Spaces per 1,000 SF Leased)
Frontage
113’ on Gracern Road
PROPERTY TAXES
| Parcel Number | 07301-02-03 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,383,883 CAD |
PROPERTY TAXES
Parcel Number
07301-02-03
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,383,883 CAD
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