Roots Oil | 9495 Augusta Rd
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Roots Oil 9495 Augusta Rd
5,500 SF Retail Building Pelzer, SC 29669 £1,848,713 (£336/SF) 7.50% Net Initial Yield
Investment Highlights
- New 20-year fee-simple absolute NNN Lease at a low price-point, which qualifies for accelerated and bonus depreciation
- 2022 renovation including new fuel canopy, 4 MPD’s, and display signs
- Four (4) five (5) year renewal options
- Recent 20-year lease extension, demonstrating tenant’s success and long-term commitment to the site
- Absolute NNN lease requires zero landlord management, ideal for an out-of-area or passive investor
- Roots Oil Company currently operates in 11 states (GA, AL, SC, KY, MO, AR, WI, NY, NV, AZ & ID) with over 57 locations (and quickly expanding)
Executive Summary
This Roots Oil is strategically located at the northeast corner of the four-way signalized intersection of U.S. Route 25 / Augusta Road & State Highway 418 / Old Hundred Road, combining for 23,300 AADT. The site offers an easily accessible location with direct access from U.S. Route 25 / Augusta Road (14,500 AADT) and State Highway 418 / Old Hundred Road (8,800 AADT).
The location is a gateway to Greenville, South Carolina, the county seat of Greenville County and sixth most-populous city in the state (72,095 residents). The property is supported by a population of 356,782 residents living within a 15-mile radius of the site (a 25% increase since 2010).
Pelzer is included in the Greenville-Anderson-Greer Metropolitan statistical area, which is the largest MSA in the state by population (928,195 residents per the 2020 census). The site is supported by excellent average annual household incomes of $99,070 within a 15-mile radius of the site and projected to increase by 13% in the next four years.
Projected AHHI and population increases within 5-, 10-, and 15-mile radii over the four five years poise Roots Oil and Pelzer for steady concurrent growth.
The area is home to numerous major companies, including Michelin, Prisma Health, Bon Secours, and Duke Energy. Greenville hosts several colleges and universities within the city limits, including Bob Jones University, Greenville Technical College, and an ECPI University campus. Furthermore, Furman University and North Greenville University are situated in the broader Greenville area.
The location is a gateway to Greenville, South Carolina, the county seat of Greenville County and sixth most-populous city in the state (72,095 residents). The property is supported by a population of 356,782 residents living within a 15-mile radius of the site (a 25% increase since 2010).
Pelzer is included in the Greenville-Anderson-Greer Metropolitan statistical area, which is the largest MSA in the state by population (928,195 residents per the 2020 census). The site is supported by excellent average annual household incomes of $99,070 within a 15-mile radius of the site and projected to increase by 13% in the next four years.
Projected AHHI and population increases within 5-, 10-, and 15-mile radii over the four five years poise Roots Oil and Pelzer for steady concurrent growth.
The area is home to numerous major companies, including Michelin, Prisma Health, Bon Secours, and Duke Energy. Greenville hosts several colleges and universities within the city limits, including Bob Jones University, Greenville Technical College, and an ECPI University campus. Furthermore, Furman University and North Greenville University are situated in the broader Greenville area.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
5,500 SF
Building Class
B
Year Built/Renovated
1991/2022
Price
£1,848,713
Price Per SF
£336
Net Initial Yield
7.50%
NOI
£138,614
Tenancy
Single
Number of Floors
1
Building FAR
0.10
Lot Size
1.24 AC
Zoning
HC
Parking
14 Spaces (2.55 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signalised Intersection
PROPERTY TAXES
| Parcel Number | 0604.02-01-017.07 | Improvements Assessment | £33,513 |
| Land Assessment | £36,269 | Total Assessment | £69,782 |
PROPERTY TAXES
Parcel Number
0604.02-01-017.07
Land Assessment
£36,269
Improvements Assessment
£33,513
Total Assessment
£69,782
Contacts
-
Vincent Aicale -
Jack Hinson -
Michael Yuras -
Ryan Forsyth -
Scott Crowle -
Cushman & Wakefield
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Roots Oil | 9495 Augusta Rd
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