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    121 Southport Rd Spartanburg, SC 29306

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    For Sale
    $2,009,839

    NNN leased investment property with corporate tenant in Spartanburg, SC.

    Property size:
    18,036 SF
    Lot size:
    1.53 Acres

    Property Features for 121 Southport Rd

    General Information

    Size
    18,036 SF
    Lot size
    1.53 Acres

    Source: CP Partners Agent Justin Stark

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Spartanburg NNN Leased Investment Property

    This property is subject to an absolute NNN lease structure, placing zero maintenance or expense responsibilities on the landlord. The property is currently leased to Caliber Collision, the nation’s leading collision repair provider, under a brand new 15-year corporate lease. Caliber Collision recently renewed the lease for 15 years, demonstrating a long-term commitment to the site. The location has a history of successful performance across multiple economic cycles. The property offers a low entry point basis with strong underlying real estate fundamentals and a uniquely low occupancy cost relative to alternative Caliber Collision properties. The property contains 18,036 square feet and is located on Southport Rd in Spartanburg, SC. The property is suitable for auto shops, automotive properties, retail properties, NNN properties and specialty properties.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Caliber Collision Auto Body Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Service Center, Piedmont Collision Center LLC, Performance Fab, Professional Automotive Repair, ELITE Towing and Recovery

    Location Insight

    • Map
    • Local Demand
    City
    Spartanburg
    County
    Spartanburg
    State
    South Carolina
    Longitude
    -81.9692783
    Latitude
    34.9192157

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    FAQs

    What type of property is this?
    Auto shop - NNN leased investment property with corporate tenant in Spartanburg, SC.
    Where is this auto shop located?
    The property is located at 121 Southport Rd Spartanburg, SC.
    What is the asking price?
    The asking price for this property is $2,009,839.
    What are key features of this property?
    This property features: - Brand new 15-year corporate lease to Caliber Collision.; - Absolute NNN lease structure offers zero Landlord responsibilities.; - Caliber Collision recently renewed the lease for 15 years.
    (415) 274-2700
    Request Owner's contact information
    121 Southport Rd Spartanburg, SC 29306
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    Spartanburg, SC 29306
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    121 Southport Rd Spartanburg, SC 29306
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