Goodyear Auto Service - Net Lease Property for Sale
Spartanburg, SC
Key Investment Metrics
Price
$1,791,000
Cap Rate
5.5%
Net Operating Income
$98,500
Building Size
13449 SF
Lot Size
13,449 SF
Land Area
0.87 Acres
Remaining Term
10 years
Lease Expiration
11/30/2035
Lease Term
28.2 years
Lease Commencement
09/24/2007
Lease Type
NN
Tenant Credit
Corporate Guarantee
Year Built
1961
Occupancy
100%
Tenancy
Single
Rent Increases
$600 per month in Year 5 (+7.31%)
About This Goodyear Auto Service Net Lease Property
This Goodyear Auto Service NNN (triple net lease) property is located in Spartanburg, SC and represents an excellent investment opportunity for commercial real estate investors. The property features 13449 square feet of building space and was built in 1961.
With a cap rate of 5.5%, this Goodyear Auto Service net lease property offers stable income potential. The asking price is $1,791,000, making it an attractive option for 1031 exchange investors seeking quality Goodyear Auto Service commercial properties.
Why Invest in Goodyear Auto Service NNN Properties?
- Stable Income: Goodyear Auto Service net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: Goodyear Auto Service is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
Spartanburg, SC Market Overview
Located in Spartanburg, SC, this Goodyear Auto Service property benefits from strong local demographics and market fundamentals. The Spartanburg area offers excellent visibility and accessibility, making it an ideal location for Goodyear Auto Service operations and a solid investment for net lease property buyers.