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Auto Dealership

Bob Richards Chrysler-Dodge-Jeep-RAM

1666 Jefferson Davis Hwy, Graniteville, SC 29829

Listing Price: $2,175,000

Cap Rate
8.00%
Tenant Name
Bob Richards Chrysler-Dodge-Jeep-RAM
Years Remaining On Lease
7.1
Gross SF
13,540
Guarantor
Personal Guarantee
Rentable SF
13,540
Price/Gross SF
$160.64
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$12.85

Investment Overview

- Over 7 years remaining on an absolute NNN Lease with Murphy Auto Group
- Murphy Auto Group operate a total of five dealerships - Bob Richards Toyota in Beech Island, SC, Miracle Toyota in Haines City, FL, Bob Richards Nissan in Beech Island, SC, Miracle Nissan in Martinez, GA and this location in Graniteville.
- This location has been a successful dealership for over 25 years
- Large parcel - total of 6 acres
- CPI rental increase in LY6 (2023)
- Graniteville is located approximately 15 miles northeast of Augusta and is part of the Augusta MSA
- Augusta is home to Fort Gordon - 16,000+ military personnel and more than 3,000 civilian workers - designated to house the U.S. Army Cyber Command
- Fort Gordon was established in 1941 and is approximately 20 miles from the subject property
- There are currently over 600,000 residents in the Augusta market and the region is projected to add over 32,000 more people during the next 5 years
- High growth corridor - 1-mile population is expected to grow over 12% the next 5 years and approximately 8% in the 3 & 5-mile radius
- AHI in the 1-mile radius is over $80,000, over $71,000 in the 5-mile

Investment Highlights

  • Over 7 years remaining on an absolute NNN Lease with Murphy Auto Group
  • Murphy Auto Group operate a total of five dealerships
  • This location has been a successful dealership for over 25 years

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Regional Manager

    (843) 952-2300

    License(s) SC: 86628

    South Carolina

Auto Dealership

Bob Richards Chrysler-Dodge-Jeep-RAM

Listing Price: $2,175,000

Cap Rate
8.00%
Tenant Name
Bob Richards Chrysler-Dodge-Jeep-RAM
Years Remaining On Lease
7.1
Gross SF
13,540
Guarantor
Personal Guarantee
Rentable SF
13,540
Price/Gross SF
$160.64
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$12.85

Investment Highlights

  • Over 7 years remaining on an absolute NNN Lease with Murphy Auto Group
  • Murphy Auto Group operate a total of five dealerships
  • This location has been a successful dealership for over 25 years

Investment Overview

- Over 7 years remaining on an absolute NNN Lease with Murphy Auto Group
- Murphy Auto Group operate a total of five dealerships - Bob Richards Toyota in Beech Island, SC, Miracle Toyota in Haines City, FL, Bob Richards Nissan in Beech Island, SC, Miracle Nissan in Martinez, GA and this location in Graniteville.
- This location has been a successful dealership for over 25 years
- Large parcel - total of 6 acres
- CPI rental increase in LY6 (2023)
- Graniteville is located approximately 15 miles northeast of Augusta and is part of the Augusta MSA
- Augusta is home to Fort Gordon - 16,000+ military personnel and more than 3,000 civilian workers - designated to house the U.S. Army Cyber Command
- Fort Gordon was established in 1941 and is approximately 20 miles from the subject property
- There are currently over 600,000 residents in the Augusta market and the region is projected to add over 32,000 more people during the next 5 years
- High growth corridor - 1-mile population is expected to grow over 12% the next 5 years and approximately 8% in the 3 & 5-mile radius
- AHI in the 1-mile radius is over $80,000, over $71,000 in the 5-mile

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Regional Manager

    (843) 952-2300

    License(s): SC: 86628

    South Carolina

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