SHELL C-STORE & GAS | 17+ YEAR ABSOLUTE NET 538 St Andrews Rd 3,233 SF Retail Building Columbia, SC 29210 £1,341,728 (£415.01/SF) 6.75% Net Initial Yield
INVESTMENT HIGHLIGHTS
- 17+ Year Absolute Net Lease Featuring Favorable 1.5% Annual Rental Increases throughout the Initial Term and Options.
- Densely Populated Area: Features more than 118k People Residing within a 5-Mile Radius. Columbia is the 10th fastest Growing City in the Nation.
- Significant Tax Benefits - Subject Property Qualifies for Tax Savings via Accelerated Depreciation and Cost Segregation.
- Highly Experienced Operator with 42 units will do Business as Pops Mart Fuels LLC. The Company is committed to grow the Chain into a Regional Company.
- Substantially Below Replacement Cost. Recession and Internet Resistant Resistant Retailer with Attractive Industry Dynamics.
- Signalized Hard Corner Location - Features Easy Access and Excellent Visibility with Daily Combined Traffic Counts Exceeding 24k Vehicles.
EXECUTIVE SUMMARY
Shell Fuel Station & C-Store | 17+ Year Absolute Net Lease | Qualifies for Accelerated Depreciation | Signalized Hard Corner Location | Below Replacement Cost | Densely Populated Area | Recession Resistant Retailer w/ Attractive Industry Dynamics
South Carolina Broker of Record: Ben Yelm | 151 Meeting St., Ste. 450 Charleston, SC 29401 | P: (843) 952-2300 | Lic #: 86628 | Benjamin.Yelm@MarcusMillichap.com
South Carolina Broker of Record: Ben Yelm | 151 Meeting St., Ste. 450 Charleston, SC 29401 | P: (843) 952-2300 | Lic #: 86628 | Benjamin.Yelm@MarcusMillichap.com
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,233 SF
Building Class
B
Year Built
1997
Price
£1,341,728
Price Per SF
£415.01
Net Initial Yield
6.75%
NOI
£90,600
Tenancy
Single
Number of Floors
1
Building FAR
0.09
Lot Size
0.86 AC
Zoning
C2
Parking
20 Spaces (6.19 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Pylon Sign
- Signage
- Signalised Junction
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Shell
- Retailer
- 3,233 SF
- -
- NNN
- Jul 2042
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Shell | Retailer | 3,233 SF | - | NNN | Jul 2042 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 003697-01-001 | Improvements Assessment | £57,094 |
| Land Assessment | £7,625 | Total Assessment | £64,720 |
