2527 Boiling Springs Rd Spartanburg, SC 29316

This new construction, build-to-suit property is for sale and features a corporate lease with the nation's largest collision repair provider. The property offers strong tenant credit and long-term income durability within a dynamic growth corridor of South Carolina. The location is Boiling Springs’ only Caliber Collision. The lease is a new 15-year corporate-guaranteed lease to the nation’s largest collision repair provider with an absolute NNN lease structure, meaning zero landlord maintenance, repair, or expense obligations. There are two, 5-year extension options with 10% rental increases every 5 years during the primary term and in each option period. The corporate guaranty is Wand NewCo 3, Inc. Boiling Springs Road is a major arterial connecting directly to Interstate 85, a key logistics corridor running from Atlanta, GA to Charlotte, NC, connecting six major metro areas: Atlanta, Greenville, Spartanburg, Charlotte, Greensboro, and Raleigh-Durham. The Spartanburg MSA is considered one of the fastest growing metros in the U.S. BMW’s largest manufacturing plant in the world is located in Spartanburg; BMW has invested over $10 billion to build this facility, which creates over $20 billion in annual economic impact.