4500 Irby St Effingham, SC 29541

This exceptional investment opportunity presents a 8,235 square foot auto shop in Effingham, South Carolina, currently leased to Crash Champions, LLC, a nationally recognized brand with over 600 locations. The property boasts a strong 14.3-year remaining lease term (expiring 02/28/2039), commencing March 1st, 2024, with a substantial 2.5% annual rent increase built-in, providing a hedge against inflation. The asking price is $2,444,000, yielding a 6.50% cap rate based on a current Net Operating Income (NOI) of $158,879. This is a Net Lease (NNN) property, minimizing landlord responsibilities to only the foundation. The tenant is responsible for all maintenance, repairs, and replacements, including HVAC, plumbing, electrical, roofing, and landscaping. The property sits on a 1.24-acre lot with 20 parking spaces and enjoys a hard corner location with excellent visibility on S Irby Street (22,060 VPD) and Poor Farm Road. Scheduled for renovations in 2024, the property will be updated to match the corporate prototype, including new paint and signage. This location has operated as a collision shop since the early 2000s, situated in Florence County, SC, within the 10th most populous city in South Carolina. The lease includes three, 5-year renewal options. The property is 100% occupied.