NNN lease Gas Station Inside I 526

Retail-Commercial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30786229
Property Subtypes: Convenience Store, Service Station/Gas Station, Vehicle Related
Status: Pending/Contingent
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: 9/26/2022

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

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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


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