NNN lease Gas Station Inside I 526

Retail-Commercial for Sale
Catylist Listing ID: 30786229
Property Subtypes: Convenience Store, Service Station/Gas Station, Vehicle Related
Building Size (RSF): 3,240 SF
Gross Land Area: 0.83 SF
Sale Price: $2,700,000
Unit Price: $833.33 PSF
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Cash to Seller
Cap Rate: 4.24%
Last Updated: 5/16/2022

Overview / Comments

Opportunity to purchase a Circle K leased property inside I-526 on Savannah Hwy. Additionally the property contains a small repair garage that is separately leased. Both leases NNN generating a combined $114,000.00 annual net income. Great opportunity to own a prime "Going to Work" side of Savannah Hwy. 10 pump fuel station and c-store with over 38,700 VPD. Circle K has recently initiated the 1st option on their lease through 4/30/2027. Four 5 year options remain.
Garage tenant has lease through December 31, 2023

Additional Details

Nearest MSA: Charleston-North Charleston
County: Charleston
Submarket/Township: 11 - W.Ashley inside I-526 to Ashley River
Tax ID/APN: 3500500075
Zoning: GB - General Business
Property Located Between: I-526 and Downtown Charleston
Property Visibility: Excellent
Largest Nearby Street: Savannah Hwy
Feet of Frontage: 203
Traffic/Vehicle Count: 37,800
Highway Access: .6 miles N of I-526
Site Description: Corner Lot at lighted intersection. 2 buildings on the property. 1 Convenience store with
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Year Built: 1985
Roof Type: Flat

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,457 56,015 135,171
Median Age: 35.29 37.38 35.44
Households: 5,028 25,538 57,134

Contact

© Copyright 2001-2022 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither South Carolina Statewide Commercial MLS nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.