For Sale
$3,143,000
7801 Warren H Abernathy Hwy Spartanburg, SC 29301
High-yield, NNN ground lease, 20-year term.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 134
Highlights
- $3,143,000 asking price for this retail property.
- Brand new, 2,824 SF convenience store/gas station with a 20-year lease to Murphy Oil USA, commencing October 4, 2024.
- 5.25% cap rate with a $165,000 net operating income (NOI).
- 100% occupancy with a corporate-signed lease featuring scheduled rent increases and four, five-year renewal options.
- Located on 1.12 acres at 7801 Warren H Abernathy Hwy, Spartanburg, SC 29301, with excellent visibility and access from US Highway 29.
- Features 12 gas pumps and benefits from a strong tenant presence and nearby shopping centers.
Property Details for 7801 Warren H Abernathy Hwy
- Property type
- Retail properties, Retail space
- Square Feet
- 2,824 SF
- Year Built
- 2024
- Lot Size (sq. ft)
- 48,787 SF
- Units
- 1
Location Insight
- City
- Spartanburg
- County
- Spartanburg
- State
- South Carolina
- Latitude
- 34.9352875
- Longitude
- -82.002727
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - High-yield, NNN ground lease, 20-year term.
- Where is the retail property located?
- The property is located at 7801 Warren H Abernathy Hwy Spartanburg, SC.
- What is the asking price?
- The asking price for this property is $3,143,000.
- What are key features of this property?
- This property features: $3,143,000 asking price for this retail property.; Brand new, 2,824 SF convenience store/gas station with a 20-year lease to Murphy Oil USA, commencing October 4, 2024.; 5.25% cap rate with a $165,000 net operating income (NOI).
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