For Sale
$4,000,000

4102 Clemson BlvdAnderson, SC 29621

Anderson, SC - ZIPS Car Wash - 15.8 Years Remaining

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a fee-simple, 4,032 square foot ZIPS Car Wash located at 4103 Clemson Blvd, Anderson, SC 29621. Built in 2008 on a 1.12-acre lot, the property boasts a strong 100% occupancy rate under a corporate-guaranteed Absolute NNN lease with 15.8 years remaining. The lease features attractive 1.5% annual rent escalations and six, five-year renewal options, ensuring consistent income growth. The property generates a substantial NOI of $300,000, resulting in a compelling 7.50% cap rate. The asking price is $4,000,000, translating to $992.06 per square foot. Situated approximately 20 minutes from Clemson University, this car wash benefits from a robust retail corridor, high traffic volume (combined +/- 61,000 vehicles per day), and proximity to a major highway bypass on-ramp. The surrounding area exhibits strong demographics, including a 1.05% annual population growth since 2020. This property is eligible for accelerated depreciation and 60% bonus depreciation in 2024 (consult a tax professional for details). This is a rare opportunity to acquire a high-performing, long-term leased car wash in a thriving market.

Highlights

  • Long-Term Lease Available
  • 1.5% Annual Rent Escalations
  • Corporate Guarantee Provided
  • 20-Minute Commute to Clemson University
  • Prime Retail Location with High Traffic Counts
  • Excellent Visibility: Situated Across from Hwy 28 Bypass On-Ramp, +/- 61,000 Vehicles Per Day

Property Details for 4102 Clemson Blvd

Property type
Specialty properties, Car washes
Square Feet
4,032 SF
Year Built
2008
Lot Size (sq. ft)
48,787 SF

Location Insight

City
Anderson
County
Anderson
State
South Carolina
Latitude
34.5598234
Longitude
-82.6897323
4102 Clemson Blvd, Anderson, South Carolina

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4102 Clemson Blvd
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