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Investment Highlights
- Corporate Lease with Goodyear Tire and Service
- Low Rent to Sales with tenant paying below market rent
- Excellent Going in Cap Rate
- Original occupying tenant since 1985
Executive Summary
NAI Capital is pleased to present the opportunity to acquire a single-tenant, corporate lease with Goodyear Tire and Service on fee simple land located at 408 North Main Street, Mauldin, South Carolina. The Single tenant investment is located in a dense retail corridor with neighboring tenants including multiple national credit tenants in adjacent shopping centers. The building was originally designed by Goodyear in 1985 and they have remained as the only tenant in the building. Goodyear renewed in advance, as they have been doing every time their lease comes up, for another 5 years (per the lease agreement) with an expiration on February 28, 2031. Goodyear has two more options left per their lease agreement with established fix increases. The is an excellent opportunity to acquire a stable investment occupied by a reputable national tenant and operator.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
5,124 SF
Building Class
C
Year Built
1985
Price
$795,000
Price Per SF
$155.15
Cap Rate
5.87%
NOI
$46,680
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
0.63 AC
Zoning
C2
Parking
28 Spaces (5.46 Spaces per 1,000 SF Leased)
Frontage
100’ on Main
Amenities
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Monument Signage
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | M002.01-05-010.03 | Improvements Assessment | $17,680 |
| Land Assessment | $12,220 | Total Assessment | $29,900 |
Property Taxes
Parcel Number
M002.01-05-010.03
Land Assessment
$12,220
Improvements Assessment
$17,680
Total Assessment
$29,900
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408 N Main St
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