Established Advance Auto Parts
2050 East Main Street Spartanburg, SC 29307
For Sale
Contact for pricing
Single-tenant NNN investment opportunity in a growing market.
Property Size8,075 SF
Lot Size0.88 Acres
Price / SF$198.14
Days on Market72
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 Agency:
NAI Earle Furman Spartanburg
Listed By:
Brian Hammond · License #SC
Source:
Crexi
Added: May 18
Changed: Jul 10
Last Checked: Jul 26 at 4:51PM
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
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
NOI $361,378 @ 7.0% cap · market cap 22.59%
Second Best
Retail
$1.33M
$1.16M – $1.55M
NOI $92,893 @ 7.0% cap · market cap 5.81%
Theoretical Best
Warehouse
$6.27M
$5.49M – $7.31M
NOI $438,816 @ 7.0% cap · market cap 27.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Walmart Auto Care Centers — 2151 E Main St, Spartanburg, SC 29307
Frequently Asked Questions
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
