140 Laurel Lake Dr 6,157 SF 4-Star Retail Building North Augusta, SC 29860 $3,285,000 ($533.54/SF) 6.25% Cap Rate

140 Laurel Lake Drive presents the opportunity to acquire a single-tenant net leased Jiffy Lube facility in North Augusta, South Carolina. Constructed in 2021, the property consists of a modern automotive service facility featuring nine service bays and is situated on approximately 0.67 acres. The asset is leased on a triple net (NNN) basis, providing a passive ownership structure with no landlord responsibilities identified in the lease.
The tenant operates under the nationally recognized Jiffy Lube brand and is guaranteed by Allied Automotive Group LLC, an established operator with a long history in the quick-lube industry. The lease commenced on June 1, 2024, with an original 15-year term and approximately 13 years remaining. Rental income is supported by scheduled 10% rent increases every five years, creating built-in revenue growth throughout the lease term. The lease also includes two additional five-year renewal options.
North Augusta benefits from its proximity to the Augusta metropolitan area, providing access to a broad consumer base, established transportation infrastructure, and a diverse regional economy. The property's recent construction, nationally recognized tenant, long lease term, and contractual rent escalations position the asset as a stabilized net lease investment opportunity designed to provide predictable cash flow and long-term income growth potential.