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201 N Kenneth St, Walhalla, SC, 29691

Strickland Brothers

$685,714

Key Information

Cap Rate
7%
$ per SF
$442
Tot. SF
1,548
Lot Size
0.72 Acres
Year Built
2000
Term Remaining
± 12 Years
Type
Retail
Occupancy
100%
NOI
$48,000

Highlights

• Long-Term Corporate Guaranteed Lease – Approximately 12 years remaining on a 15-year lease, providing investors with long-term income stability.
• Triple Net (NNN) Lease – Tenant is responsible for roof, structure, taxes, insurance, and property maintenance, minimizing landlord responsibilities.
• Attractive Rental Increases – 10% rent increases every five years throughout the primary lease term and at the beginning of each renewal option.
• Three, 5-Year Renewal Options – Provides the tenant with an additional 15 years of potential occupancy beyond the primary lease term.
• Established Automotive Service Tenant – Strickland Brothers operates a growing network of 285+ locations nationwide, specializing in essential automotive maintenance services.
• Strategic Upstate South Carolina Location – Situated along SC Highway 11 in Oconee County, with approximately 11,900 vehicles passing daily and convenient access to Walhalla, Seneca, and the surrounding communities.

Photos

Location

Agents

Broker of Record

Kyle Matthews

License # 105710, 22684 (SC)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203