Auto Parts Retail Net
For Sale
$1,421,500
137 East Columbia Avenue, Batesburg-Leesville, SC 29070
AutoZone net lease investment with a corporate-backed lease history dating to 2006 and renewal options with 10% rent bumps.
Property Size6,786 SF
Days on Market47
Property Features for 137 East Columbia Avenue
General Information
Standard status
Active
Size
6,786 SF
Property subtype
Retail
Site & Location
Traffic Count
10,000 vehicles/day
Road Access
Yes
Building Details
Building Size
6,786 SF
Listing Agency:
RealtyLink - Corporate
Listed By:
Tyson Glasser
(404) 435-6312
Source:
Trinity-partners
Added: Jul 24
Changed: Aug 8
Last Checked: Sep 8 at 4:19AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RealtyLink - Corporate
Investment Insights
Based on property information with market context.
This net lease auto retail investment features AutoZone, operating as a single-tenant corporate lease. The lease commenced in 2006 and includes multiple renewal options, each with 10% rent bumps, providing built-in NOI growth over time. Ownership has benefited from a sustained operating presence, with a recent 5-year extension reflecting the tenant’s long-term commitment.
The property is positioned on E Columbia Avenue/US 1, described as the market’s primary commercial corridor with 10,000+ VPD and strong retail adjacency. Neighboring businesses listed in the offering include Zaxby’s, Bojangles, KFC, SouthState Bank, McDonald’s, Walgreens, and CVS, with Walmart Batesburg-Leesville located less than one mile away.
Batesburg-Leesville is also noted as benefiting from regional connectivity between Columbia, SC (34 miles) and Augusta, GA (48 miles), and being approximately 5 minutes from the Batesburg-Leesville Industrial Park, which has received over $3.5M in public infrastructure investment.
The property is positioned on E Columbia Avenue/US 1, described as the market’s primary commercial corridor with 10,000+ VPD and strong retail adjacency. Neighboring businesses listed in the offering include Zaxby’s, Bojangles, KFC, SouthState Bank, McDonald’s, Walgreens, and CVS, with Walmart Batesburg-Leesville located less than one mile away.
Batesburg-Leesville is also noted as benefiting from regional connectivity between Columbia, SC (34 miles) and Augusta, GA (48 miles), and being approximately 5 minutes from the Batesburg-Leesville Industrial Park, which has received over $3.5M in public infrastructure investment.
Key Highlights
- AutoZone (NYSE: AZO) net lease investment with lease history dating to 2006 and multiple renewal options
- Corporate lease includes 10% rent bumps tied to renewal options, supporting built‑in NOI growth
- Investment‑grade credit: S&P/Fitch BBB; Moody’s Baa2 with stable outlook
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$68,332
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.81%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,366,640
$1.4M
Cap Rate 7%
$976,171
$976.2K
Cap Rate 9%
$759,244
$759.2K
Market Conditions
NOI Build-Up for 6,786 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$101.8K $15.00/SF
− Vacancy
−$4.2K −$0.61/SF
EGI
$97.6K $14.39/SF
− OpEx
−$29.3K −$4.32/SF
NOI
$68.3K $10.07/SF
Area
Lexington County, SC
Vacancy
4.10%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,366,640
Cap Rate 7%
$976,171
Cap Rate 9%
$759,244
Alternative Uses
Best Use
Retail
$976.2K
$854.2K – $1.14M
NOI $68,332 @ 7.0% cap · market cap 4.81%
Second Best
Industrial
$599.6K
$524.6K – $699.5K
NOI $41,970 @ 7.0% cap · market cap 2.95%
Theoretical Best
Office A
$1.82M
$1.59M – $2.13M
NOI $127,577 @ 7.0% cap · market cap 8.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
10,000 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
406
Businesses Nearby
206k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 57%
Superstores 27%
Shops & Services 9%
Apparel 4%
Walmart
Superstores
55,152 visits/mo
0.5 miles
McDonald's
Dining
15,895 visits/mo
0.3 miles
Zaxby's Chicken Fingers & Buffalo Wings
Dining
14,392 visits/mo
0.1 miles
SONIC Drive In
Dining
14,193 visits/mo
0.4 miles
Starbucks
Dining
11,527 visits/mo
0.3 miles
Demographics for 29070, SC
15,757
Population
7,733
Households
2
Avg Household Size
45
Median Age
18%
College-Educated
87%
High-School Grad
164.1 sq mi
ZIP Area
96
Density / Sq Mi
$64,833
Median Household Income
$40,857
Median Earnings
$939
Median Rent
$188,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Auto shop - AutoZone net lease investment with a corporate-backed lease history dating to 2006 and renewal options with 10% rent bumps.
Where is this auto shop located?
The property is located at 137 East Columbia Avenue Batesburg-Leesville, SC.
What is the asking price?
The asking price for this property is $1,421,500.
What are key features of this property?
This property features: AutoZone (NYSE: AZO) net lease investment with lease history dating to 2006 and multiple renewal options; Corporate lease includes 10% rent bumps tied to renewal options, supporting built‑in NOI growth; Investment‑grade credit: S&P/Fitch BBB; Moody’s Baa2 with stable outlook
