Auto Collision Center NNN
For Sale
Contact for pricing
1666 Calhoun Road, Greenwood, SC 29649
Auto collision facility offered with a corporate-guaranteed NN lease and scheduled five-year rent escalations.
Property Size9,060 SF
Price / SF$183.72
Days on Market179
Property Features for 1666 Calhoun Road
General Information
Standard status
Active
Size
9,060 SF
Property subtype
Retail, Industrial
Zoning
I-2
Occupancy
100%
Lease Type
NN
Investment Type
Stabilized
Net Operating Income
$129,000
Building Details
Year Built
1988
Units
1
Tenancy
Single
Listing Agency:
Matthews
Listed By:
Jake Lurie · License #SL3510801
(813) 488-0853
Source:
Crexi
Added: Apr 24
Changed: Oct 15
Last Checked: Oct 19 at 4:13AM
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 Matthews
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Investment Insights
Based on property information with market context.
This newly released automotive collision property is leased to Classic Collision under a NN structure with minimal landlord responsibilities. The lease is described as corporate-guaranteed, and scheduled rent escalations are set to occur every five years, including throughout the renewal options, supporting consistent, predictable income growth. The offering is also presented as free and clear of debt at delivery.
The property is located at 1666 Calhoun Rd, Greenwood, SC 29649. The remarks indicate the tenant is supported by national scale and sponsorship by TPG Capital. The opportunity is described as potentially qualifying for bonus depreciation, which buyers are encouraged to confirm with their CPA prior to structuring financing and tax strategy.
The property is located at 1666 Calhoun Rd, Greenwood, SC 29649. The remarks indicate the tenant is supported by national scale and sponsorship by TPG Capital. The opportunity is described as potentially qualifying for bonus depreciation, which buyers are encouraged to confirm with their CPA prior to structuring financing and tax strategy.
Key Highlights
- Auto collision facility offered with a corporate‑guaranteed NN lease
- Scheduled rent escalations every five years, including during renewal options
- Tenant Classic Collision operates 300+ locations across 21 states
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,368
Cap Rate
3.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,067,360
$1.1M
Cap Rate 7%
$762,400
$762.4K
Cap Rate 9%
$592,978
$593.0K
Market Conditions
NOI Build-Up for 9,060 SF
Gross rent
$81.5K $9.00/SF
− Vacancy
−$5.3K −$0.59/SF
EGI
$76.2K $8.42/SF
− OpEx
−$22.9K −$2.52/SF
NOI
$53.4K $5.89/SF
Area
Greenwood County, SC
Vacancy
6.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,067,360
Cap Rate 7%
$762,400
Cap Rate 9%
$592,978
Alternative Uses
Best Use
Industrial
$762.4K
$667.1K – $889.5K
NOI $53,368 @ 7.0% cap · market cap 3.21%
Second Best
Retail
$597.0K
$522.4K – $696.5K
NOI $41,789 @ 7.0% cap · market cap 2.51%
Theoretical Best
Office A
$2.85M
$2.49M – $3.32M
NOI $199,227 @ 7.0% cap · market cap 11.97%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
334
Businesses Nearby
42k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 70%
Shops & Services 13%
Apparel 11%
Beauty & Spa 6%
Bojangles' Famous Chicken 'n Biscuits
Dining
14,085 visits/mo
0.4 miles
Little Caesars Pizza
Dining
10,015 visits/mo
0.4 miles
Pizza Hut
Dining
5,023 visits/mo
0.5 miles
Hibbett Sports
Apparel
4,555 visits/mo
0.5 miles
BP
Shops & Services
3,505 visits/mo
0.4 miles
Demographics for 29649, SC
27,485
Population
11,966
Households
2.3
Avg Household Size
38
Median Age
35%
College-Educated
93%
High-School Grad
53.6 sq mi
ZIP Area
513
Density / Sq Mi
$56,268
Median Household Income
$37,221
Median Earnings
$937
Median Rent
$207,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- The Tint Shop — 1423 Calhoun Rd, Greenwood, SC 29649
- Professional Automotive — 564 Beaudrot Rd, Greenwood, SC 29649
- Firestone Complete Auto Care — 510 By-pass 72 NW, Greenwood, SC 29649
- Superior Automotive Inc — 1702 Calhoun Rd, Greenwood, SC 29649
- Lakeland's Tire & Auto — 103 Webb Ave, Greenwood, SC 29649
Frequently Asked Questions
What type of property is this?
Auto shop - Auto collision facility offered with a corporate-guaranteed NN lease and scheduled five-year rent escalations.
Where is this auto shop located?
The property is located at 1666 Calhoun Road Greenwood, SC.
What is the asking price?
The asking price for this property is $1,664,516.
What are key features of this property?
This property features: Auto collision facility offered with a corporate‑guaranteed NN lease; Scheduled rent escalations every five years, including during renewal options; Tenant Classic Collision operates 300+ locations across 21 states
