Classic Collision NNN | 6.98% Cap | Aiken, SC
New 10-Year Lease | 5% Increases Every 5 Years
Marketing description
The property is leased to Classic Collision, LLC, one of the nation's fastest-growing collision-repair platforms, now operating 353 locations across 16-plus states. Founded in 1983 in Atlanta, Classic Collision has been owned since April 2024 by TPG Capital — the private-equity platform of TPG Inc. (NASDAQ: TPG), a leading global alternative asset manager with more than $303 billion in assets under management — providing institutional sponsorship, strong credit quality, and operational stability.
The asset features a recently executed Triple Net (NNN) lease that commenced December 2025 and runs through December 31, 2035 (±9.5 years remaining on the initial term), under which the landlord is responsible solely for the roof and structural components. The lease includes three 5-year renewal options with 5% rent increases every five years, delivering predictable, contractual income growth and long-term stability with minimal landlord obligations.
513 Silver Bluff sits at the center of Aiken's dominant retail node near Whiskey Road (U.S. 1) and U.S. 302 (±26,600 and ±27,400 VPD), surrounded by Walmart Supercenter, Lowe's, The Home Depot, Kroger, TJ Maxx, and Academy, plus leading national restaurants. Demand is deepening with the adjacent Aiken Mall redevelopment (256 apartments, hotel site, 146,000 SF retail) and the 900-home Summerall community, all supported by a growing CSRA population anchored by the ~12,000-employee Savannah River Site, Fort Eisenhower, and a new $800M+ Meta data center.
Investment highlights
- NATIONAL TENANT & STRONG OPERATOR - The property is leased to Classic Collision, LLC, one of the nation's fastest-growing collision-repair platforms, now operating 353 locations across 16-plus states. Founded in 1983 in Atlanta, Classic Collision has been owned since April 2024 by TPG Capital - the private-equity platform of TPG Inc. (NASDAQ: TPG), a leading global alternative asset manager with more than $303 billion in assets under management - providing institutional sponsorship, strong credit quality, and operational stability.
- LONG-TERM NET LEASE WITH STRUCTURED ESCALATIONS - The asset features a recently executed Triple Net (NNN) lease that commenced December 2025 and runs through December 31, 2035 (±9.5 years remaining on the initial term), under which the landlord is responsible solely for the roof and structural components. The lease includes three 5-year renewal options with 5% rent increases every five years, delivering predictable, contractual income growth and long-term stability with minimal landlord obligations.
- PREMIER LOCATION IN A HIGH-GROWTH MARKET - 513 Silver Bluff sits at the center of Aiken's dominant retail node near Whiskey Road (U.S. 1) and U.S. 302 (±26,600 and ±27,400 VPD), surrounded by Walmart Supercenter, Lowe's, The Home Depot, Kroger, TJ Maxx, and Academy, plus leading national restaurants. Demand is deepening with the adjacent Aiken Mall redevelopment (256 apartments, hotel site, 146,000 SF retail) and the 900-home Summerall community, all supported by a growing CSRA population anchored by the ~12,000-employee Savannah River Site, Fort Eisenhower, and a new $800M+ Meta data center.
- ATTRACTIVE RENT BASIS - In-place rent of approximately $9.47/SF is a modest basis for an effectively irreplaceable infill position in Aiken's primary retail corridor. The low occupancy cost supports tenant profitability and renewal, while the dense surrounding national retail provides mark-to-market upside and a straightforward backfill if ever needed.
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Zoning
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Is there information that looks off?
