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76 Gas Station

238 South Congress Street, Winnsboro, SC 29180

$402,735

Cap Rate 7.75%

Views: 4 DOM: 9 Updated: 11.06.24 Posted: 11.06.24 Status: Active

Summary

Price $402,735
Built/Renov 2000
Tenant 76 Gas Station
Cap Rate 7.75%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 522
Lease Start 08-17-2022
#Units 1,989
Price/SF $771.52
Expiration 08-31-2042
Tenant Type Convenience/Gas
NOI $31,212
R. Term 17.9
Ownership Fee Simple
Rent/SF $59.79
Increases 2.0%/1/yrs
Pop 5Mi 7,448
Lot/AC 0.68
Options 4/5yrs/2%
AHHI 5Mi $59,162

Jake Mahon
Sands Investment Group
Contact

Clifton McCrory
Sands Investment Group
Contact

John Brown
Sands Investment Group
Contact

Zach Passman
Sands Investment Group
Contact

Lease Highlights

  • 17+ years remaining on the current lease term with 4 (5-year) options to extend
  • The lease features rent increases of 2% annually
  • Absolute NNN lease | Zero landlord responsibilities
  • Recent renovations include new gas pumps, canopy, and signage to reflect the modern 76
  • Gas stations offer increased depreciation benefits | Consult your CPA
  • Corporate guarantee | Investment grade tenant

Location Description

This newly renovated 76 Gas Station is strategically located at the prominent intersection of E. Moultrie and S. Congress St., with a combined daily traffic count of 14,001 vehicles. Additionally, it is close to US Hwy 321, which sees an extra 7,030 vehicles per day. Situated in the heart of Winnsboro, the property is surrounded by well-known national tenants such as Burger King, KFC,...

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Key Features

  • Recent renovation

  • Hard corner intersection

  • Dense retail corridor

  • Strategically located

  • Major MSA

  • Long 20+ yr lease

  • Accelerated depreciation

  • Annual rent increases

  • Traded and rated company

  • Investment grade tenant

    • ...

Links

76 Gas Station Wikipedia 76 Gas Station Wikipedia Winnsboro, South Carolina Zip Code 29180 Broker Site Page

Documents

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Maps

  • 1 Mile
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  • 5 Miles

Tenant

About Tenant

Founded in 1932, 76 is a chain of gas stations located within the United States. The company operates under the tag line “We’re on the Driver’s Side”, and takes pride in being the cleanest chain...


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Listing Broker

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