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29794722
29794884

829 White Pond Rd, Elgin, SC 29045

JC
TX 597891
Secure Net Lease
BM
TX 548333
Secure Net Lease
GB
TX 843004
Secure Net Lease
Listed by Secure Net Lease
$10,630,000
111 days on market
Updated 81 days ago

7-Eleven

Details
Property Type Retail
Sub Type Gas Station, Storefront
Square Footage 4,824
Cap Rate 5.25%
NOI $558,000
Occupancy 100%
Tenancy Single
Brand/Tenant 7-Eleven, Wawa (+5)
Lease Type Absolute NNN
Lease Term 18
Lease Expiration 04/01/2044
Remaining Term 17.8
Rent Bumps Yes
Lease Options (4), 5-Year Options to Renew
Price per SqFt $2,204
Year Built 2026
Buildings 1
Acreage 6.000
Investment Type Net Lease
Lease Commencement 04/01/2026

Brand New 18-Year Absolute NNN 7-Eleven | I-20 (43K VPD) | Columbia MSA Growth Corridor

Marketing description

  • 18-Year, Absolute NNN Lease: Opens April 2026 | 10% Rent Bumps Every

  • 6-Years During Primary Term and Every 5-Years During Options

  • Located Along I-20 (43K VPD): Across from Medical University of South Carolina | #1 SC Hospital for the Last Decade (U.S. News)

  • Kershaw County is Rapidly Expanding: 15,000 Planned Residential Units in the Immediate Trade Area | 3-Miles to Fort Jackson Army Base ($4.2B Impact) and Near Scout Motors 1,100-Acre Mfg. Facility (4,000 Jobs / Opens 2026)

  • Columbia, SC Ranks #4 in Housing Demand & #1 Most Resilient Market Nationally (U.S. News, 2025): Elgin, SC Home Prices Rose 20.7% Year-Over-Year Late 2025 – Well Above Columbia MSA Average

  • Prime Logistics Gateway: First Diesel Fueling Option Between Columbia and Florence | I-20 East-West Links Charlotte (via I-77) and Charleston Ports (via I-26) – and Inland Towards Atlanta, Birmingham, Dallas, and Beyond

Investment highlights

  • Projected Store Opening: April 2026

  • Brand New 18-Year Abs. NNN with 10% rent increases every 6 years during the primary term and every 5 years in the renewal options.

  • Located on I-20 (43,000 VPD), a Major Thoroughfare connecting Florence, SC to Dallas, TX, the subject property benefits from a central location among 5 of the Carolinas' largest cities by population: Charlotte, Charleston, Columbia, Florence, and Myrtle Beach.

  • Situated in the Columbia MSA (Second Largest in the State), Kershaw County has recorded population growth over 18% during the past decade and is currently home to over 74,000 people.

  • Strong regional trucking activity supports elevated diesel demand with this site offering unparalleled access to the National Truck Network via I-20 | Directly connecting with the Carolina Crossroads which supports over 20,000 commercial truck traffic.

  • Northeast Columbia and Kershaw County are rapidly growing, fueled by $2B Scout Motors Production Center, Prisma Health $128M Medical Campus, Village at Sandhill 300-Acre, 1.3M SF mixed-use retail and lifestyle destination, and 81 sq-mile U.S. Army Fort Jackson Base.

  • World's Largest Convenience Store Chain: 7-Eleven is the global leader in convenience retail, with over 85,000 locations worldwide, including 15,000+ in the U.S. There is ensured financial stability & it has a strong tenant profile for investors because it is backed by an "A" credit rating from S&P.

Listing Contacts

JC
TX 597891
Secure Net Lease
BM
TX 548333
Secure Net Lease
GB
TX 843004
Secure Net Lease
Listed by Secure Net Lease

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$558,000.00
$46,500.00/mo

Valuation Metrics

0
DSCR
5.25%
Cap Rate
5.25%
ROI

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Additional Information

Name
Jay Hagerman
License
47842
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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