101 Plumbers Rd - Retail FOR SALE


Columbia, SC 29203- Northeast Arcadia Lakes
$30,344,828 USD
518-269-0496
101 Plumbers Rd, Columbia, SC for Sale
$30,344,828 USD
Retail - FOR SALE
1/4
null | 7.25% Cap Rate

101 Plumbers Rd
Columbia, SC 29203
Northeast Arcadia Lakes


HIGHLIGHTS

  • 30 Year Absolute Net Lease | Zero Landlord Responsibilities
  • 2% Annual Increases
  • Four, 10-Year Options with 2% Annual Increases
  • 14,247 Square Foot Store on 8.47 Acres
  • Located Just Off Interstate 20 with 101,336 Vehicles per Day
  • LV Petroleum Guarantee | 60+ TA Truck Stops | 4,300+ Employees | Guarantor has a Robust Pipeline of 20+ Truck Stops

OVERVIEW

Marcus & Millichap is pleased to present for sale this TravelCenters of America operated by LV Petroleum located at 99 Plumbers Rd, Columbia, SC. Columbia is the capital of South Carolina and the second most populous city in the state. The subject property is strategically located on Interstate 20 with 101,336 vehicles per day. Interstate 20 is an east-west highway connecting Texas to South Carolina running through Dallas, Fort Worth, Shreveport, Jackson, Birmingham, Atlanta with many other interstates and spur routes feeding trucks across the Eastern part of country. Within a 10-mile radius of the property there are 33.8 million square feet of industrial property with a 5.1% vacancy rate and 37.8 million square feet of retail with a 4.3% vacancy rate. The guarantor, LV Petroleum, will sign a 30-year absolute triple-net lease with 2 percent annual escalations including the four, 10-year rental option periods. The subject property is situated on 8.47 acres with a 14,247 square foot store. Amenities at this location include Dunkin, Taco Bell, 4 Diesel Fueling Lanes, 8 Gasoline Pumps, 78 Truck Parking Spaces, 7 Private Showers, Repair Shop with 2 full-service bays, Lounge/Game Area, Laundry, Travel Store and a CAT Scale. LV Petroleum, the largest franchise operator within the TA system, has 60 operating truck stops throughout the country, 23 gas stations (NV/AZ) and a pipeline of 20+ additional truck stops of both ground up builds or through acquisition and rebrand. They are franchisees for Sbarro, Rally’s, KFC, Einstein Bros Bagels, Krispy Krunchy Chicken, Del Taco, Dunkin, Charley’s, Bojangles, Black Bear Diner and others. In addition to retail operations, LV Petroleum operates a wholesale fuel distribution company that supplies 76, Philips and Conoco branded gasoline as well as unbranded fuels which supplies over one million gallons a month. TravelCenters of America is the largest publicly traded full-service truck stop and travel center company in the United States with 304 locations in 44 states. The company operates full-service centers, convenience stores, and restaurants under the TravelCenters of America, TA, Petro Stopping Centers, TA Express, GOASIS brands. In May 2023, BP Products North America Inc., a wholly owned indirect subsidiary of BP plc acquired the company.

FOR SALE DETAILS

PRICE

$30,344,828 USD

PRICE/SF

$2,130 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

TA Truck Stop

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

14303-02-18

ASK ABOUT THIS PROPERTY

Gabriel BrittiMarcus & MillichapMore Info
518-269-0496

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Gabriel BrittiMarcus & MillichapMore Info
518-269-0496

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.