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22153719
22153720

3410 W Highway 501, Conway, SC 29526

CH
TX 597585
Trinity Real Estate Investment Services
CC
TX 697980
Trinity Real Estate Investment Services
EK
TX 9007104
Trinity Real Estate Investment Services
Listed by Trinity Real Estate Investment Services
$1,592,225
57 days on market
Updated 57 days ago

Scotchman Convenience Store

Details
Property Type Retail
Sub Type Convenience Store, Grocery Store (+1)
Square Footage 3,478
Units 1
Cap Rate 7%
NOI $111,456
Occupancy 100%
Tenancy Single
Brand/Tenant 7-Eleven, Wawa (+2)
Lease Type Absolute NNN
Lease Term 25
Lease Expiration 04/13/2030
Remaining Term 3.8
Lease Options No Options Remaining
Price per SqFt $458
Year Built 1996
Buildings 1
Acreage 1.000
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 04/14/2005
Ownership Fee Simple

Retail | 7.00% CAP | 3,478 SF

Marketing description

Trinity Real Estate Investment Services is pleased to present the opportunity to acquire a Scotchman Convenience Store in Conway, SC. The subject property is a 1 acre hard corner parcel located on lighted intersection with over 21K VPD in front of subject property.

Property Website: https://trinityreis.com/listing/3410-w-highway-501/

In Cooperation With Brian Brockman at Bang Realty-South Carolina Inc | SC #108250 | [email protected] | (513) 898-1551

Investment highlights

  • Absolute NNN Lease Scotchman Convenience Store

  • Conway is the Fastest Growing City in South Carolina (Cities Over 50,000)

  • 1 Acre Hard Corner Parcel Located on Lighted Intersection With Over 21,000 VPD in Front of Subject Property

  • Rapidly Growing Area, 34,000 Residents Within 5 Miles of Subject Property

  • 4+ Years Remaining on Current Term

  • Flexibility for LL, Tenant has Zero Options Remaining Leaving Opportunity for Landlord to Negotiate new Terms at End of Current Term

  • Scotchman Convenience Stores is Owned by GPM Investments, LLC, a Subsidiary of ARKO Corp, a Fortune 500 Company

Listing Contacts

CH
TX 597585
Trinity Real Estate Investment Services
CC
TX 697980
Trinity Real Estate Investment Services
EK
TX 9007104
Trinity Real Estate Investment Services
Listed by Trinity Real Estate Investment Services

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$111,456.00
$9,288.00/mo

Valuation Metrics

0
DSCR
7%
Cap Rate
7%
ROI

Map

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Additional Information

Name
Brian Brockman
License
SC #108250
Brokerage
Bang Realty-South Carolina Inc
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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