253 Columbia Ave Batesburg, SC 29006-2117

Property Details for 253 Columbia Ave

Year built

2002

Lot size

0.78 lot acres

Property size

6,298 SF

Zone code

ID

Property type

Retail space

APN

007023-01-006

APU

702301006

Description

This exceptional investment opportunity presents a fee-simple ownership of a 7,000 square foot, Class A, single-tenant retail building in Batesburg-Leesville, South Carolina. The property is net-leased to Advance Auto Parts, a publicly traded company (NYSE: AAP) with a market capitalization exceeding $3.937 billion and an S&P credit rating of BBB-. The current lease boasts a 10-year term with a 10% rent increase every five years, providing significant long-term income growth. The building, constructed in 2002, sits on a 0.78-acre lot and enjoys 100% occupancy. The property's strong financial performance is reflected in its 5.75% cap rate and a substantial net operating income (NOI) of $71,190. Landlord responsibilities include roof, structure, parking lot, and shared HVAC replacement costs. The property's prime location is an outparcel to KJ's IGA Market and within a mile of other national retailers, including Walgreens, KFC, Zaxby's, Bojangles, and McDonald's. Its proximity to the Batesburg-Leesville Industrial Park, a 175-acre development with recent infrastructure improvements, further enhances its value. The thriving Columbia, SC market, characterized by affordable housing and a large student population (driven by 12 area colleges and universities), contributes to the property's strong investment potential. The lease includes two 5-year renewal options. This is a rare opportunity to acquire a high-performing, net-leased property with a strong tenant and significant upside potential. The asking price is $1,238,000, translating to $176.86 per square foot.

Location Insight

City

Batesburg

County

Lexington

State

South Carolina

Longitude

-81.5362

Latitude

33.9086

CBSA code

17900

CBSA name

COLUMBIA, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments