3467 Five Chop Rd - Service Station FOR SALE


Orangeburg, SC 29115
$6,623,000 USD
818-632-0233
3467 Five Chop Rd, Orangeburg, SC for Sale
$6,623,000 USD
Service Station - FOR SALE
1/9
null | 5.3% Cap Rate

3467 Five Chop Rd
Orangeburg, SC 29115


HIGHLIGHTS

  • Over 13 Years Remaining on Lease | Corporate Signed | Scheduled Rental Increases | Brand New Construction
  • Absolute NNN | Leased Fee Ownership | Large Parcel Space | Zero Landlord Responsibilities
  • Five Chop Road (15,000 VPD) | Interstate 26 (55,200 VPD) |Interstate 95 (40,100 VPD) | Strong Import/Export Area | Strong Manufacturing State
  • South Carolina State University | Orangeburg Municipal Airport | Growing Industrial Market | National/Credit Tenant (S&P: A)
  • 24-Pump Gas Station | Truck Stop Gas Pumps
  • Demographics in 5-Mile Trade Area | Strong County Population

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN leased, 7-Eleven investment property located in Orangeburg, South Carolina. The tenant, 7-Eleven, Inc has over 13 years remaining on their lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor. This is a rare, amended ground lease in which $3.6MM of Landlord contributions are depreciable (speak with Agent for details). 7 Eleven is the world’s largest convenience store chain with more than 85,000 stores in 20 countries, and over 80 billion in revenue

FOR SALE DETAILS

PRICE

$6,623,000 USD

PRICE/SF

$2,928 USD /SF

CAP RATE

5.3%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7-Eleven | 13+yrs Remain Abs NNN Grd Lse

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

ADD'L SUBTYPES

Convenience Store, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

60

LAND DETAILS

LAND ACRES

5 AC

LAND SF

217,800 SF

ZONING

Commercial

APN/PARCEL ID

0236-00-05-023

ASK ABOUT THIS PROPERTY

Aron ClineSRS National Net LeaseMore Info
818-632-0233

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Aron ClineSRS National Net LeaseMore Info
818-632-0233

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.