For Sale
$644,114

410 Main StClinton, SC 29325

Clinton, SC Gas Station - 7% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
115
This 2,400 square-foot Marathon gas station, located at 410 W Main St in Clinton, SC, presents a compelling net-lease investment opportunity. Boasting a 7.00% cap rate and a 20-year absolute NNN lease (commencing December 21, 2022, and expiring December 20, 2042), this property offers significant long-term stability. The lease includes annual 3% rent bumps and four 5-year renewal options, ensuring consistent income growth. The property sits on a 1.64-acre lot and benefits from a corporate guarantee. Clinton, with a population of 7,675, is part of the Greenville-Mauldin-Easley Metropolitan Statistical Area, providing a strong market presence. Major employers in the area include ZF Transmissions, Laurens County School District, Walmart Distribution, Yanfeng, and Sterlite Corporation. The property's strategic location is further enhanced by its proximity to Presbyterian College (893 students) and Piedmont Technical College (1,733 students), as well as numerous apartment complexes and established businesses such as Taco Bell, McDonald's, Wells Fargo, Napa Auto Parts, and Domino's Pizza. The asking price is $644,114, representing a price per square foot of $268.38. The property's strong tenant, Marathon Petroleum Company, a publicly traded company with thousands of retail outlets, provides further assurance of long-term financial performance. The property's Net Operating Income (NOI) is $45,088. Built in 2000, this single-story building offers a solid investment with a high occupancy rate.

Highlights

  • 2,400 SF Marathon gas station at 410 West Main Street, Clinton, SC (Greenville-Mauldin-Easley MSA).
  • Major area employers include ZF Transmissions, Laurens County Schools, Walmart Distribution, Yanfeng, and Sterlite.
  • Proximity to Presbyterian College (893 students) and Piedmont Technical College (1,733 students).
  • Surrounded by numerous apartment complexes including Colony Square, Tribble Street, Jacobs Press, Fareview, Highland Park, Glendale Manor, Belle Ville, and Countryside Homes.
  • Nearby tenants include Taco Bell, McDonald's, Wells Fargo, Napa Auto Parts, and Domino's Pizza.
  • Established brand: Marathon Petroleum Company, founded in 1887, with over 8,000 retail locations.

Property Details for 410 Main St

Property type
Retail properties
Square Feet
2,400 SF
Year Built
2000
Buildings
1
Stories
1
Lot Size (sq. ft)
71,438 SF
Units
1

Location Insight

City
Clinton
County
Laurens
State
South Carolina
Latitude
34.4728664
Longitude
-81.8883524
410 Main St, Clinton, South Carolina

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410 Main St
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