925 Spears Crk Ct, Elgin, SC 29045-8281
- Commercial real estate
- 4,800 SF
- 2.63 lot acres
Current Use by Public Records
- Kennel Care / Kennel & Boarding Facility
- PPR Career Inc / Employment Agency
Property Details for 925 Spears Crk Ct
- Year built
- 2008
- Lot size
- 2.63 lot acres
- Zone code
- M-1
- Property type
- Commercial real estate
- APN
- R28802-02-01
- APU
- R288020201
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Oct 12, 2022 | — | Brep Scc LLC | Dennis Eugene Brantley SR. | Deed | $553k · Synovus Bank |
| Oct 25, 2018 | $440,000 | Kings Nest LLC | Dennis E Brantley | Grant Deed | $440k · Bank Of America |
| May 2, 2018 | $987,000 | Dennis E Brantley SR | Brantley Ents Of Sc INC | Grant Deed · related | — |
| — | — | Dennis E Brantley SR. | — | Deed Of Trust · related | $694k · Synovus Bk |
| — | — | Brantley Ents Of Sc INC | — | Deed Of Trust · related | $298k · National Bank South Carolina |
| — | — | Brantley Ents Of Sc INC | — | Deed Of Trust · related | $915k · National Bank South Carolina |
| — | — | Brantley Ents Of Sc INC | — | Deed Of Trust · related | $100k · National Bank South Carolina |
Description
This exceptional investment opportunity presents a 15,000 square foot, fee-simple owned pet resort in Elgin, South Carolina. The property is currently 100% occupied by Destination Pet, a major national operator with over 180 locations, under a triple-net (NNN) lease. The lease commenced April 27, 2022, and expires April 30, 2032, with four, five-year renewal options. The asking price is $1,300,000, representing a 7.38% cap rate and a price per square foot of $86.67. The property boasts a strong net operating income (NOI) of $96,000, with built-in rent increases of 10% every five years, providing a hedge against inflation. Situated on a 2.63-acre lot, the facility was built in 2008 and enjoys a prime location off Interstate 20, ensuring high visibility and convenient access. The tenant provides comprehensive pet services, including boarding, grooming, daycare, and training, catering to a wide range of customer needs. The robust growth of the pet care industry, coupled with the tenant's strong financial backing and the recession-resistant nature of the business, makes this a compelling investment opportunity with significant long-term potential. The current below-market rent provides further upside potential for future owners. This is a rare chance to acquire a high-performing, net-leased property with a reputable national tenant and significant built-in growth.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Elgin
- County
- Richland
- State
- South Carolina
- Longitude
- -80.8331
- Latitude
- 34.1047
- CBSA code
- 17900
- CBSA name
- COLUMBIA, SC METROPOLITAN STATISTICAL AREA
