Joe Hudson's Collision Center
Joe Hudson's Collision Center | 7.00% CAP | Columbia, SC
Marketing description
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 2020 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.
Investment highlights
- 2018 Construction: Modern design with curb appeal with Brick and stone construction with a metal roof
- Lease: 5.1 years remaining on 10-Year Lease with Four Five-Year Options; 5% Rent Bumps Every Five Years
- Excellent Visibility, Access & Street Frontage: Property is situated directly off a major highway with daily traffic counts exceeding
- 27,000 VPD on Gracern Road and 32,000 VPD off US-76 (I-126)
- Recession Resistant Business: Over 290 million vehicles on the road with the average vehicle age over 12 years
- Distracted Driving is on the rise: 660,000 of drivers are using their cell phones while operating a vehicle (NHTS); 35% of teens admit to texting and driving,
- Demographics (5-Miles): Nearly 157,250 residents and 65,000 Households; Avg. HH Income of $59,000
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