238 Congress StWinnsboro, SC 29180

Property Details for 238 Congress St

Lot size

0.68 AC

Property size (Sq ft)

5,040 SF

Zone code

C1

Property type

Industrial properties

Property subtype

Manufacturing properties

APN

1260147009000

APU

1260147009000

Description

This exceptional investment opportunity presents a 522 square foot, 76-branded gas station and convenience store located at 238 South Congress Street in Winnsboro, South Carolina. The property boasts a highly visible hard corner location at the intersection of E Moultrie and S Congress Streets, surrounded by strong national tenants such as Burger King, KFC, McDonald's, and Advanced Auto Parts. The absolute triple-net (NNN) lease features a corporate guarantee, providing significant security for investors. With approximately 17.8 years remaining on the lease (commencing August 17, 2022, and expiring August 31, 2042), this investment offers exceptional long-term stability. The lease includes annual rent bumps of 2%, ensuring consistent growth in income. The property was recently renovated, featuring new gas pumps, canopy, and signage reflecting the modern 76 brand. The tenant benefits from partnerships with major fuel brands including Valero, Exxon, Mobil, Travel Centers of America, TA Express, VP Racing, and Marathon. The asking price is $402,735, representing a 7.75% cap rate and a price per square foot of $771.52. The current Net Operating Income (NOI) is $31,212, and the lease includes four 5-year renewal options. This investment offers significant depreciation benefits; consult your CPA for details. The property enjoys 100% occupancy. This is a rare opportunity to acquire a high-performing, low-maintenance investment property in a prime location.

Location Insight

City

Winnsboro

County

Fairfield

State

South Carolina

Latitude

34.3772

Longitude

-81.0846

CBSA code

17900

CBSA name

COLUMBIA, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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