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22917518
22917519

253 W Columbia Ave, Batesburg-Leesville, SC 29006

DH
NC NC 288268
Atlantic Capital Partners
BO
NC NC 315015
Atlantic Capital Partners
Listed by Atlantic Capital Partners
$1,238,000
154 days on market
Updated 63 days ago
Opportunity zone

Advance Auto Parts | Just Extended 10 Years

Details
Property Type Retail
Sub Type Auto Shop, Storefront
Square Footage 7,000
Net Rentable (SqFt) 7,000
Cap Rate 5.75%
NOI $71,190
Occupancy 100%
Tenancy Single
Brand/Tenant AutoZone, Advanced Auto Parts (+2)
Lease Type NN
Lease Term 31.2
Lease Expiration 07/31/2033
Remaining Term 7.2
Rent Bumps Yes
Lease Options 2 x 5 Years
Broker Co-Op Yes
Class A
Year Built 2002
Acreage 0.780
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 05/26/2002
Ownership Fee Simple

5.75% CAP | Top store per Placer.ai Report - open 20+ Years

Investment highlights

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

Listing Contacts

DH
NC NC 288268
Atlantic Capital Partners
BO
NC NC 315015
Atlantic Capital Partners
Listed by Atlantic Capital Partners

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$71,190.00
$5,932.50/mo

Valuation Metrics

0
DSCR
5.75%
Cap Rate
5.75%
ROI

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