744 Greenlawn Dr Columbia, SC 29209-2657

Property Details for 744 Greenlawn Dr

Year built

2013

Lot size

1.13 lot acres

Property size

5,088 SF

Zone code

C-3

Property type

Commercial real estate

APN

R16409-04-05

APU

R164090405

Description

This exceptional investment opportunity presents a 5,088 square foot auto shop in Columbia, South Carolina, currently leased to a tenant with a corporate guarantee from Monro Inc., one of the nation's largest tire and auto service chains. The property boasts a 6.82% cap rate and a strong net operating income (NOI) of $70,959, with a lease expiring May 31, 2029, providing a remaining term of 4.5 years. The lease includes annual rent bumps of 3%, effectively hedging against inflation. Located at 744 Greenlawn Dr, Columbia, SC 29209, this strategically positioned retail property sits on a 1.13-acre lot and benefits from its proximity to major retailers like Walmart, Lowe's, and Harbor Freight. The property's high visibility and location within the second-largest MSA in South Carolina, coupled with projected job growth of 27.4% over the next 10 years, contribute to its significant investment potential. The tenant enjoys an impressive 4.7-star Google rating based on over 200 reviews, highlighting its strong local reputation and recession-resistant nature. The asking price is $1,040,000, translating to $204.40 per square foot. The property was built in 2013 and features a single tenant occupancy with a NNN lease structure. Lease options include one 5-year renewal. This is a compelling investment opportunity offering both strong current returns and future growth potential.

Location Insight

City

Columbia

County

Richland

State

South Carolina

Longitude

-80.9478

Latitude

33.9672

CBSA code

17900

CBSA name

COLUMBIA, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments