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Exxon 519 Main St N 2,160 SF Retail Building New Ellenton, SC 29809 $4,242,500 ($1,964.12/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute NNN Lease - Exxon Gas Station, Car Wash & Convenience Store - Long Term Lease - Over 18 Years Remaining in Primary Term
- Guaranteed by Petroleum Marketing Group - One of the Largest Wholesalers & Distributors of Petroleum Products in the Eastern U.S.
- 2,160 SF Convenience Store on Large 2.09-Acre Parcel – Four Fuel Dispensers
- 1.5% Annual Rent Increases - Inflation-Resistant Cash Flows - Zero Landlord Responsibilities - Ideal for Investors Seeking 100% Passive Cash Flows
- 100% Bonus Depreciation – (Consult with your Tax Advisor)
- Strategically Positioned along Main Street - Excellent Visibility & Ingress/Egress
EXECUTIVE SUMMARY
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.
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.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,160 SF
Building Class
C
Year Built/Renovated
1992/2015
Price
$4,242,500
Price Per SF
$1,964.12
Cap Rate
7%
NOI
$297,117
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Lot Size
2.09 AC
Parking
16 Spaces (7.41 Spaces per 1,000 SF Leased)
Frontage
230’ on Main St
AMENITIES
- Pylon Sign
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 142-05-02-002 | Improvements Assessment | $1,651,180 |
| Land Assessment | $25,080 | Total Assessment | $124,150 |
PROPERTY TAXES
Parcel Number
142-05-02-002
Land Assessment
$25,080
Improvements Assessment
$1,651,180
Total Assessment
$124,150
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Exxon | 519 Main St N
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