5220 Us-321Gaston, SC 29053

Property Details for 5220 Us-321

Year built

2005

Lot size

0.85 AC

Property size (Sq ft)

7,000 SF

Property type

Retail properties

Property subtype

Auto shops

Description

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.

Location Insight

City

Gaston

County

Lexington

State

South Carolina

Latitude

33.8353

Longitude

-81.092

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