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Established Advance Auto Parts Location

2050 East Main Street Spartanburg, SC 29307

2050 East Main Street, Spartanburg, SC, 29307
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Single-tenant NNN investment opportunity in a growing market.

Property Size8,075 SF
Lot Size0.88 Acres
Price / SF$198.14
AddedMay 18
Days on Market60
Last RefreshJul 15 at 6:44 pm

Property Features for 2050 East Main Street

General Information

Standard status
Active
Size
8,075 SF
Lot size
0.88 Acres
Property subtype
Retail

Building Details

Year Built
1994

Listing office NAI Earle Furman Spartanburg

Listing date May 18, 2026

Source Crexi

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 NAI Earle Furman Spartanburg


Investment Insights

Based on property information with market context.

Located on East Main Street in Spartanburg, this single-tenant property is an Advance Auto Parts location with operations dating back to 1994. The building has a size of approximately 8,075 square feet and is situated on approximately 0.88 acres. The property experiences high traffic volume, with approximately 26,500 vehicles per day. The property offers stable net-net-net (NNN) lease income with renewal options. The site benefits from visibility, convenient access, and a built-in customer base in a growing market. The property is positioned within a densely populated trade area and surrounded by residential growth.

Key Highlights

  • Established Advance Auto Parts location operating since 1994
  • Stable NNN lease income with renewal options
  • High traffic location on East Main Street with approximately 26,500 VPD

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up
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.

Component $ $/SF
Gross rent $145.4k $18.00
− Vacancy −$12.6k −$1.57
EGI $132.7k $16.43
− OpEx −$39.8k −$4.93
NOI $92.9k $11.50
8,075 SF · lease $18.00/SF/yr · vacancy 8.70% · expense 30.00%

Alternative Uses

Best Use
Industrial
$5.16M
$4.52M – $6.02M (±1% cap)
NOI $361,378 @ 7.0% cap · market cap 22.59%
Second Best
Retail
$1.33M
$1.16M – $1.55M (±1% cap)
NOI $92,893 @ 7.0% cap · market cap 5.81%
Theoretical Best
Warehouse
$6.27M
$5.49M – $7.31M (±1% cap)
NOI $438,816 @ 7.0% cap · market cap 27.43%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Auto shops

Suggested Use

Real Estate Agency Auto Repair Shop Law Firm Big Box & Wholesale Store Auto Parts Store HVAC Service Kitchen & Bath Showroom Storage Facility Electrical Service Building Supply

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

Similar Off Market Nearby

  • Firestone Complete Auto Care — 1904 E Main St, Spartanburg, SC 29307
  • Take 5 Oil Change — 1795 E Main St, Spartanburg, SC 29307
  • Precision Tune Auto Care — 1854 E Main St, Spartanburg, SC 29307
  • Dixie Tire & Automotive — 1534 e main st, spartanburg, sc 29307
  • Mavis Tires & Brakes — 1534 E Main St, Spartanburg, SC 29307

FAQs

What type of property is this?
Auto shop - Single-tenant NNN investment opportunity in a growing market.
Where is this auto shop located?
The property is located at 2050 East Main Street Spartanburg, SC.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Established Advance Auto Parts location operating since 1994; Stable NNN lease income with renewal options; High traffic location on East Main Street with approximately 26,500 VPD
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