9495 Augusta RdPelzer, SC 29669

Property Details for 9495 Augusta Rd

Lot size

1.24 AC

Zone code

C-3

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

0604.02-01-017.07

APU

604020101707

Description

This exceptional investment opportunity presents a 5,500 square foot convenience store and gas station in Pelzer, South Carolina, operating under a 20-year absolute NNN lease with Roots Oil, commencing August 1, 2022, and expiring July 31, 2042. The property boasts a 7.50% cap rate and a strong net operating income (NOI) of $175,000. Situated on a 1.243-acre lot at 9495 Augusta Road, 29669, this strategically located property benefits from high visibility at a four-way signalized intersection of US Route 25 and State Highway 418, boasting a combined 23,300 AADT. The property underwent a complete renovation in 2022, including a new fuel canopy, four MPDs, and updated signage. The lease includes rent bumps and four five-year renewal options, showcasing the tenant's commitment and success. This property is ideal for passive investors seeking a low-management, high-yield investment. The location is supported by a population of 356,782 within a 15-mile radius, representing a 25% increase since 2010, and benefits from an average annual household income of $99,070 within the same radius, projected to increase by 13% in the next four years. The property's location serves as a gateway to Greenville, South Carolina, a major city with a population of 72,095 and home to numerous large employers and educational institutions. This offering qualifies for accelerated and bonus depreciation. The tenant, Roots Oil Company, operates over 57 locations across 11 states and is experiencing significant expansion.

Location Insight

City

Pelzer

County

Greenville

State

South Carolina

Latitude

34.6293

Longitude

-82.3908

CBSA code

24860

CBSA name

GREENVILLE-ANDERSON, SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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