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Corporate Crash Champions | 14+ Yrs NNN 4500 S Irby St

8,235 SF Retail Building Effingham, SC 29541 £1,788,977 (£217.24/SF) 6.85% Net Initial Yield

INVESTMENT HIGHLIGHTS

  • Corporate Guaranteed | Options To Extend | Annual Increases |Future Renovations | Well-Known & Established Brand
  • Strong Demographics In 5-Mile Trade Area | Florence MSA |Excellent Visibility Along S. Irby Street (22,060 VPD)
  • NNN | Fee Simple Ownership | Limited Landlord Responsibilities
  • Hard corner location with excellent access and visibility from S Irby Street (22,060 VPD) and Poor Farm Road

EXECUTIVE SUMMARY

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN, corporate guaranteed Crash Champions investment property located in Effingham, South Carolina (Florence MSA). The tenant, Crash Champions, LLC, has approximately 14-years on its lease with 3 (5-year) options to extend. The lease features 2.5% annual rental increases throughout the initial term and each option period, growing NOI and hedging against inflation. The lease is NNN with the landlord being responsible for the foundation, making it an ideal, low-management investment opportunity for a passive investor.
The property is also set for future renovations as part of the rebranding process to align with Crash Champions’ corporate prototype, which includes new paint, signage, and other updates. This location has a long operating history, serving as a collision shop since the early 2000s. Crash Champions serves customers at 650+ locations across 37 states and has rapidly grown into the third largest multi-shop operator (MSO) in the U.S.

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
8,235 SF
Year Built/Renovated
2005/2024
Price
£1,788,977
Price Per SF
£217.24
Net Initial Yield
6.85%
NOI
£122,545
Tenancy
Single
Number of Floors
1
Building FAR
0.15
Lot Size
1.24 AC
Parking
20 Spaces (2.43 Spaces per 1,000 SF Leased)
  • Listing ID: 33304689

  • Date on Market: 25/09/2024

  • Last Updated:

  • Address: 4500 S Irby St, Effingham, SC 29541

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