Listed by NAI Capital Commercial, Inc
$875,000
Tire Choice 6285 Rivers Avenue
Details
Property Type Retail
Sub Type Auto Shop
Square Footage 3,791
Net Rentable (SqFt) 3,791
Units 20
Cap Rate 6.00%
NOI $52,208
Occupancy 100%
Tenancy Single
Brand/Tenant Tire Choice
Lease Type NNN
Lease Term 15.7
Lease Expiration 12/31/2030
Remaining Term 4.6
Rent Bumps Yes
Lease Options 3-5 year options
Year Built 1984
Acreage 0.540
Parking Spaces 20 spaces
Parking Per SqFt 5.28
Investment Type Stabilized
Lease Commencement 04/17/2015
Ground Lease No
Retail | 6.00% CAP | 3,791 SqFt
Marketing description
NAI Capital is pleased to present the opportunity to acquire the single-tenant Tire Choice Service Center on fee simple land located at 6285 Rivers Avenue in North Charleston, South Carolina. The subject property is located in a dense retail corridor with neighboring tenants. Tire Choice recent renewed their first option after their original 10 year term and have 3 more 5 year options. There are annual rental increases of 3% and continue for the following options. This is an excellent opportunity to acquire a stable investment occupied by a reputable national tenant.
Investment highlights
- NNN Lease with no landlord responsibility
- Recent excercising of option period after 10 year term
- Stong National Credit Tenant
- Surrounded by other Retailers
- Low Price Point
Listing Contacts
Listed by NAI Capital Commercial, Inc
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$52,208.00
$4,350.67/mo
Valuation Metrics
0
DSCR
5.97%
Cap Rate
5.97%
ROI
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