519 Main St N - Service Station FOR SALE


New Ellenton, SC 29809
$4,242,500 USD
949-724-5552
519 Main St N, New Ellenton, SC for Sale
$4,242,500 USD
Service Station - FOR SALE
1/5
null | 7% Cap Rate

519 Main St N
New Ellenton, SC 29809


HIGHLIGHTS

  • Absolute NNN Lease - Exxon Gas Station, Car Wash & Convenience Store - Long Term Lease - Over 18 Years Remaining in Primary Term
  • 1.5% Annual Rent Increases - Inflation-Resistant Cash Flows - Zero Landlord Responsibilities - Ideal for Investors Seeking 100% Passive Cash Flows
  • Guaranteed by Petroleum Marketing Group - One of the Largest Wholesalers & Distributors of Petroleum Products in the Eastern U.S.
  • 100% Bonus Depreciation – (Consult with your Tax Advisor)
  • 2,160 SF Convenience Store on Large 2.09-Acre Parcel – Four Fuel Dispensers
  • Strategically Positioned along Main Street - Excellent Visibility & Ingress/Egress

OVERVIEW

The Snyder Carlton National Net Lease Team is pleased to offer investors an opportunity to acquire the single-tenant absolute NNN-leased Exxon gas station and convenience store in New Ellenton, SC. The absolute net lease is guaranteed by Petroleum Marketing Group, one of the largest wholesalers and distributors of petroleum products in the eastern U.S., which operates over 1,200 service stations from Maine to Florida. With 18+ years remaining on the primary term, one 10-year option period, 1.5% annual rent increases, and no landlord responsibilities, this asset is ideal for an investor seeking passive cash flows for years to come. Qualifies for 100% Bonus Depreciation – see page 8 for details. The 2,160 SF C-store with four fuel dispensers is located on a large 2.09-acre parcel, is positioned along Main Street, and benefits from excellent visibility and access. Nearby retailers include KJ’s Market, O’Reilly Auto Parts, Dollar Tree, and Dollar General. This is a great opportunity to purchase an absolute NNN Exxon gas station in South Carolina guaranteed by a strong operator with a long-term lease, 100% bonus deprecation, annual rent increases, and zero landlord responsibilities providing effortless income.

FOR SALE DETAILS

PRICE

$4,242,500 USD

PRICE/SF

$1,254 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Exxon

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

ADD'L SUBTYPES

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1992

SPRINKLERS

-

PARKING SPACES

16

LAND DETAILS

LAND ACRES

2.09 AC

LAND SF

91,040 SF

ZONING

-

APN/PARCEL ID

142-05-02-002

ASK ABOUT THIS PROPERTY

Jereme SnyderColliersMore Info
949-724-5552

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Jereme SnyderColliersMore Info
949-724-5552

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