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TitleMax

100 W Shockley Ferry Rd, Anderson, SC 29624

Listing Price: $462,000

Cap Rate
9.25%
Tenant Name
TitleMax of South Carolina, Inc.
Years Remaining On Lease
15.7
Gross SF
2,133
Guarantor
Corporate Guarantee
Rentable SF
2,133
Price/Gross SF
$216.60
Lease Type
Absolute Net
Rent Per Square Feet
$20.04

Investment Overview

The subject property is a 2,133 square foot building leased to TitleMax of South Carolina, Inc. The 30-year absolute net lease term commenced March 27th, 2007 and expires March 26th, 2037 with rights to terminate every five years beginning on the fifth anniversary. The rental rate increases 2% annually. The next option to terminate is March 27th, 2022. The tenant has no option terms beyond 2037.

Anderson, South Carolina (Pop. 26,881) is located in Anderson County (Pop. 200,000 2019 estimate) in the foothills of the Blue Ridge Mountains along I-85, known as the Boom Beltdue to growing business and residential population over the past decade. It is midway between Atlanta, GA and Charlotte, NC. Largest manufacturing employers include Electrolux, Bosch Corp., Millikin, and Michelin. With more than 200 major manufacturers, and 20 international companies in the County, Anderson has a thriving business climate. The top major industries in Anderson include automotive, metal products, industrial machinery, plastics, and textiles.

TMX Financial LLC, a specialty finance company, engages in the origination and servicing of automobile title loans in the United States. Based in Savannah, it is one of the countrys largest auto title lenders, with more than 1,300 storefronts in 18 states. TMX Finance offers title and personal loans under the names TitleMax, TitleBucks, and InstaLoan. It also sells insurance products as an agent. Tracy Young founded TMX Financial LLC 1998 and has been its Chief Executive Officer since that time. Young also serves as president and chairman of the Board of the privately held company.

Investment Highlights

  • Absolute Net Lease
  • 13 Year Operating History
  • 2% Annual Rent Increases
  • Over 1,300 Locations in 18 States
  • Largest Title Lending Company
  • Anderson County, SC - 200,000 Population

Exclusively Listed By

Broker of Record

  • Drew Babcock

    First Vice President Investments

    (803) 678-4900

    License(s) SC: 39872

    South Carolina

Listing Price: $462,000

Cap Rate
9.25%
Tenant Name
TitleMax of South Carolina, Inc.
Years Remaining On Lease
15.7
Gross SF
2,133
Guarantor
Corporate Guarantee
Rentable SF
2,133
Price/Gross SF
$216.60
Lease Type
Absolute Net
Rent Per Square Feet
$20.04

Investment Highlights

  • Absolute Net Lease
  • 13 Year Operating History
  • 2% Annual Rent Increases
  • Over 1,300 Locations in 18 States
  • Largest Title Lending Company
  • Anderson County, SC - 200,000 Population

Investment Overview

The subject property is a 2,133 square foot building leased to TitleMax of South Carolina, Inc. The 30-year absolute net lease term commenced March 27th, 2007 and expires March 26th, 2037 with rights to terminate every five years beginning on the fifth anniversary. The rental rate increases 2% annually. The next option to terminate is March 27th, 2022. The tenant has no option terms beyond 2037.

Anderson, South Carolina (Pop. 26,881) is located in Anderson County (Pop. 200,000 2019 estimate) in the foothills of the Blue Ridge Mountains along I-85, known as the Boom Beltdue to growing business and residential population over the past decade. It is midway between Atlanta, GA and Charlotte, NC. Largest manufacturing employers include Electrolux, Bosch Corp., Millikin, and Michelin. With more than 200 major manufacturers, and 20 international companies in the County, Anderson has a thriving business climate. The top major industries in Anderson include automotive, metal products, industrial machinery, plastics, and textiles.

TMX Financial LLC, a specialty finance company, engages in the origination and servicing of automobile title loans in the United States. Based in Savannah, it is one of the countrys largest auto title lenders, with more than 1,300 storefronts in 18 states. TMX Finance offers title and personal loans under the names TitleMax, TitleBucks, and InstaLoan. It also sells insurance products as an agent. Tracy Young founded TMX Financial LLC 1998 and has been its Chief Executive Officer since that time. Young also serves as president and chairman of the Board of the privately held company.

Exclusively Listed By

Broker of Record

  • Drew Babcock

    First Vice President Investments

    (803) 678-4900

    License(s): SC: 39872

    South Carolina

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