For Sale
$1,065,000

5220 Us-321Gaston, SC 29053

7,000 SF Advance Auto Parts; 9.8 years remaining

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a fee-simple interest in a 7,000-square-foot Advance Auto Parts store located at 5220 US-321 in Gaston, South Carolina, 29053. The property sits on a 0.85-acre lot and includes 42 parking spaces. Built in 2005, this single-story building boasts 100% occupancy under a triple-net (NNN) lease with Advance Auto Parts, a national retailer with over 4,700 locations. The current lease has 9.8 years remaining, with rent bumps included and 3-5 year lease options. The asking price is $1,065,000, representing a price per square foot of $152.14 and a 6.57% cap rate based on a net operating income (NOI) of $70,000. This property benefits from its strategic location on US-321, providing convenient access to I-26 and proximity to major retailers and a thriving community. The tenant's strong financial performance and long-term commitment make this a compelling investment opportunity in a growing market. The property offers a hands-off investment experience due to the NNN lease structure. This location is conveniently situated near other major retailers such as Food Lion, Diamond Manufacturing Plant, Family Dollar, Wendy's, KFC, and 7-Eleven. The property's location in Gaston, South Carolina, offers easy access to downtown Columbia, which is only 13 miles away.

Highlights

  • $1,065,000 asking price for a 7,000 SF Advance Auto Parts in Gaston, SC.
  • Net lease investment with a 6.57% cap rate and $70,000 NOI.
  • 9.8 years remaining on the lease with rent bumps.
  • 100% occupancy, single-tenant building on a 0.85-acre lot with 42 parking spaces.
  • Located on US-321 with convenient access to I-26 and nearby retailers.

Property Details for 5220 Us-321

Property type
Retail properties, Auto shops
Square Feet
7,000 SF
Year Built
2005
Buildings
1
Stories
1
Lot Size (sq. ft)
37,026 SF

Location Insight

City
Gaston
County
Lexington
State
South Carolina
Latitude
33.835287727603
Longitude
-81.092023930162
5220 Us-321, Gaston, South Carolina

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5220 Us-321
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