519 Main StNew Ellenton, SC 29809

Property Details for 519 Main St

Year built

1992

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

2.09 AC

Property size (Sq ft)

792 SF

Property type

Car washes

APN

142-05-02-002

APU

1420502002

Description

This exceptional investment opportunity presents the fee simple ownership of two thriving, single-tenant convenience stores and gas stations operating under the Pops Mart Fuels brand in South Carolina. Located in New Ellenton (519 Main St N, 29809) and Barnwell (10354 Dunbarton Blvd, 29812), these properties boast a combined 4,960 square feet on 3.24 acres of land. The properties, built in 1992 and 2000 respectively, benefit from high visibility and strong traffic counts, serving as essential fuel and convenience hubs within their communities. Both locations are strategically positioned to capitalize on continued local population growth. The properties are offered as a portfolio with a combined Net Operating Income (NOI) of $669,902, representing a 6.50% cap rate on the $10,306,185 asking price. Each property features a long-term, absolute NNN lease with Pops Mart Fuels, a growing regional operator, extending through December 31, 2043, with a remaining term of approximately 19.1 years. The leases include annual rent escalations of 1.5%, providing built-in rental growth. Property #1 in New Ellenton comprises 2,160 square feet on 2.09 acres, while Property #2 in Barnwell offers 2,800 square feet on 1.15 acres. The lease structure includes options for renewal, with one 10-year option available. This portfolio offers a stable, passive income stream with significant upside potential, shielded from many macroeconomic fluctuations, and eligible for bonus depreciation. The properties are currently 100% occupied.

• CAP approach

  CAP return

  Valuation

  6%

  $175,093

  6.5%

  $161,624

  7%

  $150,080

• Comparable approach

  Method

  Valuation

  Relative Method

  $146,037

  Geo Method

  $164,318

• Alternative Use

  Use

  Valuation

  Residential

  $136,336

  Hospitality

  $124,883

  Educational

  $103,901

  Medical

  $107,475

  Retail

  $161,624

Location Insight

City

New Ellenton

County

Aiken

State

South Carolina

Latitude

33.4254

Longitude

-81.6865

CBSA code

12260

CBSA name

AUGUSTA-RICHMOND COUNTY, GA-SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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