For Sale
$2,334,000

9495 Augusta RdPelzer, SC 29669

High-return gas station & convenience store

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 5,500 square foot convenience store and gas station in Pelzer, South Carolina, operating under a 20-year absolute NNN lease with Roots Oil, commencing August 1, 2022, and expiring July 31, 2042. The property boasts a 7.50% cap rate and a strong net operating income (NOI) of $175,000. Situated on a 1.243-acre lot at 9495 Augusta Road, 29669, this strategically located property benefits from high visibility at a four-way signalized intersection of US Route 25 and State Highway 418, boasting a combined 23,300 AADT. The property underwent a complete renovation in 2022, including a new fuel canopy, four MPDs, and updated signage. The lease includes rent bumps and four five-year renewal options, showcasing the tenant's commitment and success. This property is ideal for passive investors seeking a low-management, high-yield investment. The location is supported by a population of 356,782 within a 15-mile radius, representing a 25% increase since 2010, and benefits from an average annual household income of $99,070 within the same radius, projected to increase by 13% in the next four years. The property's location serves as a gateway to Greenville, South Carolina, a major city with a population of 72,095 and home to numerous large employers and educational institutions. This offering qualifies for accelerated and bonus depreciation. The tenant, Roots Oil Company, operates over 57 locations across 11 states and is experiencing significant expansion.

Highlights

  • 5,500 SF convenience store and gas station on a 1.24-acre lot in Pelzer, SC.
  • 20-year absolute NNN lease with Roots Oil, commencing August 1, 2022, with four 5-year renewal options and rent bumps.
  • 7.50% cap rate and $175,000 NOI.
  • High-visibility location at a signalized intersection (US Route 25 & State Highway 418) with 23,300 AADT.
  • Completely renovated in 2022, including new fuel canopy, four MPDs, and updated signage.
  • Strong demographics: 356,782 population within 15 miles (25% increase since 2010), $99,070 average annual household income (projected 13% increase in four years).

Property Details for 9495 Augusta Rd

Property type
Retail properties, Retail space
Square Feet
5,500 SF
Year Renovated
2022
Lot Size (sq. ft)
54,145 SF

Location Insight

City
Pelzer
County
Anderson
State
South Carolina
Latitude
34.6291407
Longitude
-82.3908442
9495 Augusta Rd, Pelzer, South Carolina

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9495 Augusta Rd
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