For Sale
$6,413,555

1685 Pearman Dairy Rd Anderson, SC 29625

High-Yield, NNN-Leased Gas Station

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional investment opportunity presents a brand-new, 2024-built Circle K gas station in Anderson, South Carolina. Boasting a prime location at a four-way signalized intersection on Pearman Dairy Road (approx. 22,500 VPD) and Old Pearman Dairy Road (approx. 8,100 VPD), this property offers excellent visibility and accessibility. The 3,800 square foot facility sits on a substantial 3.58-acre lot, featuring 5 MPDs/10 hoses and a separate diesel canopy with 3 MPDs. The property benefits from multiple points of ingress and egress, and its proximity to Clemson University (approximately 10 miles) and a newly constructed apartment complex ensures consistent high traffic. The strong tenant, a major Circle K franchisee with a 30+ year operating history and over 200 units across six states, is under a rare 20-year absolute triple-net (NNN) lease with four 5-year renewal options and annual 1.5% rent escalations, providing an excellent inflation hedge. The current NOI is $404,054, resulting in a 6.30% cap rate on the $6,413,555 asking price. This represents a compelling investment opportunity in a rapidly growing market, with the Greenville, SC MSA projected to add nearly 80,000 people by 2027. The property's 100% occupancy and strong lease terms make it an attractive addition to any portfolio. Tax advantages are available through accelerated and bonus depreciation due to fee simple ownership.

Highlights

  • Brand new 2024 Circle K construction.
  • High-traffic location at a 4-way signalized intersection.
  • Large 3.58-acre parcel with 5 MPDs/10 hoses and a 3-MPD diesel canopy.
  • High visibility on Pearman Dairy Road (±22,500 VPD) and Old Pearman Dairy Road (±8,100 VPD) with multiple access points.
  • Proximity to Clemson University (approx. 10 miles), South Carolina's second-largest university.
  • Adjacent to new Norfolk Place Apartments; minimal gas/c-store competition.

Property Details for 1685 Pearman Dairy Rd

Property type
Retail properties, Gas stations
Square Feet
3,800 SF
Year Built
2024
Lot Size (sq. ft)
155,945 SF

Location Insight

City
Anderson
County
Anderson
State
South Carolina
Latitude
34.5472229
Longitude
-82.7029649

FAQs

What type of property is this?
Retail property - High-Yield, NNN-Leased Gas Station
Where is the retail property located?
The property is located at 1685 Pearman Dairy Rd Anderson, SC.
What is the asking price?
The asking price for this property is $6,413,555.
What are key features of this property?
This property features: Brand new 2024 Circle K construction.; High-traffic location at a 4-way signalized intersection.; Large 3.58-acre parcel with 5 MPDs/10 hoses and a 3-MPD diesel canopy.
How can I contact the broker?
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1685 Pearman Dairy Rd
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