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Advance Auto Parts | Just Extended 10 Years 253 W Columbia Ave 7,000 SF Retail Building Batesburg, SC 29006 $1,238,000 ($176.86/SF) 5.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Just Extended 10 Years
- 20 Years of Operating at Location
- Corporate NN Lease
EXECUTIVE SUMMARY
Corporate NN Lease
• Lease is signed with Advance Auto corporate
• Recent lease extensions provide 10 more years of term
• Option terms provide 10% rental increase every 5 years
• Landlord is responsible for roof, structure, and parking lot, and split HVAC replacement with tenant
• Advance Auto is convicted to the location by operating for 20 years and extending for another 10 years
Name Brand and Credit Tenant
• Advance Auto Parts is a publicly traded company (NYSE: AAP), with a market capitalization over $3.937B
• Advance Auto has S&P Credit Rating of BBB-
• Advance Auto Parts has over 5,200 stores in 47 states
Located on Main Retail Corridor
• Out Parcel to KJ’s IGA Market
• Less than a mile from other National Tenants including Walgreens, KFC,
Zaxby’s, Bojangles, and McDonalds
Columbia MSA
• Columbia’s average home price is $162,300, or roughly 35% less than the US
Average Home Price, making the city very affordable and causing high growth
rates
• 12 Colleges / Universities are Located in the Central SC Region - Over 34K+
Students enrolled at the University of South Carolina alone
• Columbia, SC’s population is 137,541
Close Proximity to Batesburg-Leesville Industrial Park
• 5 minute drive from Batesburg-Leesville Industrial Park a 175 acre industrial
park
• Town of Batesburg-Leesville & Lexington County have jointly invested $3.5M
worth of infrastructure improvements
• Two operators reside in the park: Fisher Tank Company and C.R. Jackson’s new
asphalt plant
• Lease is signed with Advance Auto corporate
• Recent lease extensions provide 10 more years of term
• Option terms provide 10% rental increase every 5 years
• Landlord is responsible for roof, structure, and parking lot, and split HVAC replacement with tenant
• Advance Auto is convicted to the location by operating for 20 years and extending for another 10 years
Name Brand and Credit Tenant
• Advance Auto Parts is a publicly traded company (NYSE: AAP), with a market capitalization over $3.937B
• Advance Auto has S&P Credit Rating of BBB-
• Advance Auto Parts has over 5,200 stores in 47 states
Located on Main Retail Corridor
• Out Parcel to KJ’s IGA Market
• Less than a mile from other National Tenants including Walgreens, KFC,
Zaxby’s, Bojangles, and McDonalds
Columbia MSA
• Columbia’s average home price is $162,300, or roughly 35% less than the US
Average Home Price, making the city very affordable and causing high growth
rates
• 12 Colleges / Universities are Located in the Central SC Region - Over 34K+
Students enrolled at the University of South Carolina alone
• Columbia, SC’s population is 137,541
Close Proximity to Batesburg-Leesville Industrial Park
• 5 minute drive from Batesburg-Leesville Industrial Park a 175 acre industrial
park
• Town of Batesburg-Leesville & Lexington County have jointly invested $3.5M
worth of infrastructure improvements
• Two operators reside in the park: Fisher Tank Company and C.R. Jackson’s new
asphalt plant
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,000 SF
Building Class
C
Year Built
2002
Price
$1,238,000
Price Per SF
$176.86
Cap Rate
5.75%
NOI
$71,185
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
0.78 AC
Opportunity Zone
Yes
Zoning
C1
Parking
32 Spaces (4.57 Spaces per 1,000 SF Leased)
Frontage
172’ on W Columbia Ave
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 007023-01-006 | Improvements Assessment | $54,149 |
| Land Assessment | $4,890 | Total Assessment | $59,039 |
PROPERTY TAXES
Parcel Number
007023-01-006
Land Assessment
$4,890
Improvements Assessment
$54,149
Total Assessment
$59,039
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Advance Auto Parts | Just Extended 10 Years | 253 W Columbia Ave
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