1321 Wilson RdNewberry, SC 29108

Property Details for 1321 Wilson Rd

Construction

WOOD

Lot size

2.00 AC

Property size (Sq ft)

3,224 SF

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

342-2-7-23

APU

3422723

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $712,753

  6.5%

  $657,926

  7%

  $610,931

• Comparable approach

  Method

  Valuation

  Relative Method

  $594,472

  Geo Method

  $668,888

• Alternative Use

  Use

  Valuation

  Residential

  $554,985

  Hospitality

  $508,363

  Educational

  $422,952

  Medical

  $437,498

  Retail

  $657,926

Location Insight

City

Newberry

County

Newberry

State

South Carolina

Latitude

34.2852

Longitude

-81.5987

CBSA code

35140

CBSA name

NEWBERRY, SC MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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