Leased Automotive Repair NNN
For Sale
Contact for pricing
513 Silver Bluff, Aiken, SC 29803
Triple-net leased automotive collision repair facility with roof and structural responsibilities retained by the landlord.
Property Size16,470 SF
Price / SF$135.40
Days on Market64
Property Features for 513 Silver Bluff
General Information
Standard status
Active
Size
16,470 SF
Property subtype
Retail, Office, Industrial
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$156,000
Additional Details
Cap Rate
6.98%
Highway Access
Yes
Building Details
Tenancy
Single
Listing Agency:
Meybohm Commercial
Listed By:
Luke Henderson · License #SC 130415
(803) 215-5147
Source:
Crexi
Added: Jul 6
Changed: Aug 12
Last Checked: Sep 7 at 12:53PM
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 Meybohm Commercial
Investment Insights
Based on property information with market context.
The property is leased to Classic Collision, LLC under a recently executed Triple Net (NNN) lease that commenced in December 2025 and runs through December 31, 2035. The landlord’s responsibility is limited solely to the roof and structural components. The lease includes three 5-year renewal options, with 5% rent increases every five years.
Located at 513 Silver Bluff in Aiken, SC, the asset sits within the city’s dominant retail node near Whiskey Road (U.S. 1) and U.S. 302, with the surrounding commercial area anchored by retailers including Walmart Supercenter, Lowe’s, The Home Depot, Kroger, TJ Maxx, and Academy, along with national restaurant presence.
The offering provides long-term, contractually defined income backed by an institutional sponsor, with the lease structure designed to minimize landlord obligations while maintaining exposure to continued retail-area demand.
Located at 513 Silver Bluff in Aiken, SC, the asset sits within the city’s dominant retail node near Whiskey Road (U.S. 1) and U.S. 302, with the surrounding commercial area anchored by retailers including Walmart Supercenter, Lowe’s, The Home Depot, Kroger, TJ Maxx, and Academy, along with national restaurant presence.
The offering provides long-term, contractually defined income backed by an institutional sponsor, with the lease structure designed to minimize landlord obligations while maintaining exposure to continued retail-area demand.
Key Highlights
- Recently executed Triple Net (NNN) lease with Classic Collision, commenced December 2025 and runs through December 31, 2035
- Lease includes three 5‑year renewal options with 5% rent increases every five years
- Landlord responsibilities under the lease are limited solely to the roof and structural components
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
$159,045
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
7.13%
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%
$3,180,900
$3.2M
Cap Rate 7%
$2,272,071
$2.3M
Cap Rate 9%
$1,767,167
$1.8M
Market Conditions
NOI Build-Up for 16,470 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
$237.2K $14.40/SF
− Vacancy
−$10.0K −$0.60/SF
EGI
$227.2K $13.80/SF
− OpEx
−$68.2K −$4.14/SF
NOI
$159.0K $9.66/SF
Area
Aiken County, SC
Vacancy
4.20%
Lease Rate
$14.40 /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%
$3,180,900
Cap Rate 7%
$2,272,071
Cap Rate 9%
$1,767,167
Alternative Uses
Best Use
Retail
$2.27M
$1.99M – $2.65M
NOI $159,045 @ 7.0% cap · market cap 7.13%
Second Best
Industrial
$1.07M
$937.8K – $1.25M
NOI $75,026 @ 7.0% cap · market cap 3.36%
Theoretical Best
Office A
$3.17M
$2.78M – $3.70M
NOI $222,226 @ 7.0% cap · market cap 9.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
900
Businesses Nearby
386k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 43%
Superstores 25%
Shops & Services 16%
Dining 9%
Walmart
Superstores
95,186 visits/mo
0.5 miles
Academy Sports + Outdoors
Apparel
54,981 visits/mo
0.3 miles
T.J. Maxx
Apparel
48,277 visits/mo
0.1 miles
Food Lion Grocery Store
Groceries
25,550 visits/mo
0.5 miles
Circle K
Shops & Services
24,078 visits/mo
0.4 miles
Demographics for 29803, SC
40,056
Population
17,920
Households
2.2
Avg Household Size
49
Median Age
45%
College-Educated
96%
High-School Grad
127.5 sq mi
ZIP Area
314
Density / Sq Mi
$82,933
Median Household Income
$42,961
Median Earnings
$1,146
Median Rent
$271,000
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?
NNN property - Triple-net leased automotive collision repair facility with roof and structural responsibilities retained by the landlord.
Where is this nnn property located?
The property is located at 513 Silver Bluff Aiken, SC.
What is the asking price?
The asking price for this property is $2,230,000.
What are key features of this property?
This property features: Recently executed Triple Net (NNN) lease with Classic Collision, commenced December 2025 and runs through December 31, 2035; Lease includes three 5‑year renewal options with 5% rent increases every five years; Landlord responsibilities under the lease are limited solely to the roof and structural components
