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31537474
31537475

519 Main St., New Ellenton, SC 29809

JS
CA 01360233
Colliers - Los Angeles - Orange County, California
EC
CA 01809955, NV S0172067 (+4)
Colliers - Los Angeles - Orange County, California
Colliers - Greenville, South Carolina
Listed by Colliers - Los Angeles - Orange County, California, Colliers - Greenville, South Carolina
$4,184,000
59 days on market
Updated 58 days ago

Exxon Gas

Details
APN 142-05-02-002
Property Type Retail
Sub Type Convenience Store
Square Footage 2,160
Cap Rate 7.1%
NOI $297,117
Occupancy 100%
Tenancy Single
Brand/Tenant Exxon Mobile
Lease Type NNN
Lease Term 20
Lease Expiration 12/31/2043
Remaining Term 17.6
Price per SqFt $1,937
Acreage 29.000
Investment Type Net Lease
Lease Commencement 12/28/2023

Exxon Mobil | Absolute NNN Lease - 18+Years Remaining

Marketing description

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.

Investment 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 Flow
  • Zero Landlord Responsibilities - Ideal for Investors Seeking 100% Passive Cash Flows
  • Guaranteed by Petroleum Marketing Group
  • Over 1,200 Service Stations from Maine to Florida
  • 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
  • Average Household Income Over $114,000 within a 5-Mile Radius

Listing Contacts

JS
CA 01360233
Colliers - Los Angeles - Orange County, California
EC
CA 01809955, NV S0172067 (+4)
Colliers - Los Angeles - Orange County, California
Colliers - Greenville, South Carolina
Listed by Colliers - Los Angeles - Orange County, California, Colliers - Greenville, South Carolina

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$297,117.00
$24,759.75/mo

Valuation Metrics

0
DSCR
7.1%
Cap Rate
7.1%
ROI

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