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1103 Hyatt St
Gaffney, SC 29341
Retail Property For Sale
Investment Highlights
- Proximal to Interstate 85, Gaffney Retail Outlets, commuter corridors, surrounding retail/QSR concentration and adjacent resident development
- Available for immediate occupancy
- Amenities include covered awning, large electronic pole lighting, drive-thru
- Vehicles Per Day: ±5,700 via Nancy Creek Rd, ±14,500 via Hyatt St, ±62,200 via I-85
- ±60 parking spaces, including two handicap spaces, ±8 fuel pumps on-site
Executive Summary
1103 Hyatt Street in Gaffney is a ±1.92-acre parcel with an existing mixed-use retail building located at a signalized intersection at Hyatt Street and Nancy Creek Road, just minutes from Interstate 85 access.
The property includes a free-standing, ±6,278-SF gas station/QSR building. Current tenants in the building are Burger King and Circle K. The tenants have a ground lease on the property with ±15 years of lease-option term remaining (three, five-year options). This includes roughly $1.35M in total income remaining on the lease. The lessee covers all expenses/TICAM.
The property includes a free-standing, ±6,278-SF gas station/QSR building. Current tenants in the building are Burger King and Circle K. The tenants have a ground lease on the property with ±15 years of lease-option term remaining (three, five-year options). This includes roughly $1.35M in total income remaining on the lease. The lessee covers all expenses/TICAM.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Convenience Store
Building Size
6,278 SF
Building Class
C
Year Built
1998
Price
$2,350,000
Price Per SF
$374.32
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.08
Lot Size
1.92 AC
Opportunity Zone
Yes
Parking
60 Spaces (9.56 Spaces per 1,000 SF Leased)
Frontage
Property Taxes
| Parcel Number | 062-00-00-029.005 | Improvements Assessment | $65,280 |
| Land Assessment | $43,200 | Total Assessment | $108,480 |
Property Taxes
Parcel Number
062-00-00-029.005
Land Assessment
$43,200
Improvements Assessment
$65,280
Total Assessment
$108,480
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