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    119 Southport Rd Spartanburg, SC 29306

    For Sale
    Contact for pricing

    Recently renewed 15-year NNN corporate lease with zero landlord responsibilities.

    Lot size:
    1.71 Acres

    Property Features for 119 Southport Rd

    General Information

    Lot size
    1.71 Acres

    Source: Justin Stark Agent Justin Stark

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

    Overview

    Caliber Collision NNN Investment Opportunity

    This property presents an opportunity to acquire a Caliber Collision location, supported by a corporate guaranty and strong property fundamentals. The property is under a recently renewed 15-year absolute NNN corporate lease with the nation’s largest collision repair provider, ensuring zero landlord maintenance or expense responsibilities. The tenant, Caliber Collision, has demonstrated a long-term commitment to the site, having successfully performed across multiple economic cycles. The property is located in Spartanburg, a market experiencing significant growth, and offers a low entry point with uniquely low occupancy costs relative to other Caliber Collision properties.
    Insight Report Location Intelligence

    Current Use by Public Records

    Auto shops

    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
    -81.9690626
    Latitude
    34.9194976

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    FAQs

    What type of property is this?
    Auto shop - Recently renewed 15-year NNN corporate lease with zero landlord responsibilities.
    Where is this auto shop located?
    The property is located at 119 Southport Rd Spartanburg, SC.
    What are key features of this property?
    This property features: - Recently renewed 15-year absolute NNN corporate lease with Caliber Collision.; - Corporate guaranty from the nation’s largest collision repair provider.; - Absolute NNN lease structure - zero landlord responsibilities.
    (415) 274-2706
    Request Owner's contact information
    119 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
    119 Southport Rd Spartanburg, SC 29306
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