For Sale
$811,871

1321 Wilson RdNewberry, SC 29108

High-yield SC gas station, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 2,604 square foot Marathon gas station and convenience store located at 1321 Wilson Rd, Newberry, SC 29108. The property boasts a highly desirable absolute NNN lease with a corporate guarantee from Marathon Petroleum Company, a publicly traded company with a vast network of retail outlets. The lease commenced December 17, 2022, and has a remaining term of approximately 18.1 years, with annual 3% rent bumps and four 5-year renewal options. The property sits on a 0.66-acre lot at a key intersection (Highway 76 and 34), benefiting from high visibility and traffic flow. The strong tenant and long-term lease provide exceptional stability and predictable cash flow, with a current NOI of $56,831 and a 7.00% cap rate. The property's location is further enhanced by its proximity to major employers such as Kraft Heinz Foods, Newberry County School District, Newberry County Memorial Hospital, and Georgia Pacific, as well as numerous apartment complexes and educational institutions including Piedmont Technical College and Newberry College. Nearby national retailers include McDonald's, Starbucks, Dunkin' Donuts, Hardee's, CVS, Popeye's, and Pizza Hut, indicating a thriving local economy. The asking price is $811,871, representing a price per square foot of $311.78. This is a fee-simple ownership opportunity with significant long-term potential.

Highlights

  • 2,604 SF Marathon gas station and convenience store in Newberry, SC.
  • High-traffic corner location at Highways 76 and 34.
  • Strong tenant base with nearby major employers including Kraft Heinz Foods, Newberry County School District, Georgia Pacific, and Newberry County Memorial Hospital.
  • Surrounded by numerous apartment complexes and educational institutions like Piedmont Technical College and Newberry College.
  • Excellent co-tenancy with McDonald's, Starbucks, Dunkin', Hardee's, CVS, Popeye's, and Pizza Hut.
  • Marathon Petroleum Company is a publicly traded, financially stable corporation.

Property Details for 1321 Wilson Rd

Property type
Retail properties, Grocery and convenience stores
Square Feet
2,604 SF
Buildings
1
Stories
1
Lot Size (sq. ft)
28,750 SF
Units
1

Location Insight

City
Newberry
County
Newberry
State
South Carolina
Latitude
34.285098
Longitude
-81.5988169
1321 Wilson Rd, Newberry, South Carolina

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1321 Wilson Rd
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